-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P5BDInf+QSDCjjiCYrSNn6v9tPlOxTKVTdypSw6r7zIUdA74vPeKMiW5HfhPjRqX pzXOLf7VBJwioOEW5Uu7bg== 0001047469-10-002988.txt : 20100330 0001047469-10-002988.hdr.sgml : 20100330 20100330173211 ACCESSION NUMBER: 0001047469-10-002988 CONFORMED SUBMISSION TYPE: S-4 PUBLIC DOCUMENT COUNT: 50 FILED AS OF DATE: 20100330 DATE AS OF CHANGE: 20100330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JLG INDUSTRIES INC CENTRAL INDEX KEY: 0000216275 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 251199382 STATE OF INCORPORATION: PA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-10 FILM NUMBER: 10715008 BUSINESS ADDRESS: STREET 1: 1 JLG DR CITY: MCCONNELLSBURG STATE: PA ZIP: 17233 BUSINESS PHONE: 7174855161 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JLG EQUIPMENT SERVICES INC CENTRAL INDEX KEY: 0001186539 IRS NUMBER: 251561946 STATE OF INCORPORATION: PA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-11 FILM NUMBER: 10715009 BUSINESS ADDRESS: STREET 1: 1 JLG DRIVE CITY: MCCONNELLSBURG STATE: PA ZIP: 17233 BUSINESS PHONE: 7174856711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FULTON INTERNATIONAL INC CENTRAL INDEX KEY: 0001186541 IRS NUMBER: 251589019 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-15 FILM NUMBER: 10715013 BUSINESS ADDRESS: STREET 1: 1 JLG DRIVE CITY: MCCONNELLSBURG STATE: PA ZIP: 17233 BUSINESS PHONE: 7174856711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACCESS FINANCIAL SOLUTIONS INC CENTRAL INDEX KEY: 0001186544 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 232208212 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-18 FILM NUMBER: 10715016 BUSINESS ADDRESS: STREET 1: 1 JLG DRIVE CITY: MCCONNELLSBURG STATE: PA ZIP: 17233 BUSINESS PHONE: 7174856711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JLG OMNIQUIP INC CENTRAL INDEX KEY: 0001259244 IRS NUMBER: 200102339 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-09 FILM NUMBER: 10715007 BUSINESS ADDRESS: STREET 1: JLG OMNIQUIP INC STREET 2: 1 JLG DRIVE CITY: MCCONNELLSBURG STATE: PA ZIP: 17233-9533 BUSINESS PHONE: 7174855161 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OSHKOSH CORP CENTRAL INDEX KEY: 0000775158 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 390520270 STATE OF INCORPORATION: WI FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792 FILM NUMBER: 10714995 BUSINESS ADDRESS: STREET 1: 2307 OREGON ST STREET 2: P O BOX 2566 CITY: OSHKOSH STATE: WI ZIP: 54903 BUSINESS PHONE: 920 235 9151 MAIL ADDRESS: STREET 1: 2307 OREGON ST P O BOX 2566 STREET 2: 2307 OREGON ST P O BOX 2566 CITY: OSHKOSH STATE: WI ZIP: 54903 FORMER COMPANY: FORMER CONFORMED NAME: OSHKOSH TRUCK CORP DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Audubon Manufacturing Corp CENTRAL INDEX KEY: 0001487256 IRS NUMBER: 911983195 STATE OF INCORPORATION: IA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-17 FILM NUMBER: 10715015 BUSINESS ADDRESS: STREET 1: 2157 HIGHWAY 71 CITY: AUDUBON STATE: IA ZIP: 50025 BUSINESS PHONE: 712-563-3634 MAIL ADDRESS: STREET 1: 2157 HIGHWAY 71 CITY: AUDUBON STATE: IA ZIP: 50025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Concrete Equipment Company, Inc. CENTRAL INDEX KEY: 0001487257 IRS NUMBER: 470439820 STATE OF INCORPORATION: NE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-16 FILM NUMBER: 10715014 BUSINESS ADDRESS: STREET 1: 237 NORTH 13TH STREET CITY: BLAIR STATE: NE ZIP: 68008 BUSINESS PHONE: 402-426-4181 MAIL ADDRESS: STREET 1: 237 NORTH 13TH STREET CITY: BLAIR STATE: NE ZIP: 68008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Iowa Contract Fabricators, Inc. CENTRAL INDEX KEY: 0001487258 IRS NUMBER: 421418425 STATE OF INCORPORATION: IA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-14 FILM NUMBER: 10715012 BUSINESS ADDRESS: STREET 1: 524 COUNTY ROAD 34 EAST STREET 2: P.O. BOX 70 CITY: DODGE CENTER STATE: MN ZIP: 55927 BUSINESS PHONE: 507-374-6321 MAIL ADDRESS: STREET 1: 524 COUNTY ROAD 34 EAST STREET 2: P.O. BOX 70 CITY: DODGE CENTER STATE: MN ZIP: 55927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Iowa Mold Tooling Co., Inc. CENTRAL INDEX KEY: 0001487259 IRS NUMBER: 522270527 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-13 FILM NUMBER: 10715011 BUSINESS ADDRESS: STREET 1: 500 HIGHWAY 18 W STREET 2: P.O. BOX 189 CITY: GARMER STATE: IA ZIP: 50438 BUSINESS PHONE: 641-923-3711 MAIL ADDRESS: STREET 1: 500 HIGHWAY 18 W STREET 2: P.O. BOX 189 CITY: GARMER STATE: IA ZIP: 50438 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JerrDan Corp CENTRAL INDEX KEY: 0001487260 IRS NUMBER: 141841564 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-12 FILM NUMBER: 10715010 BUSINESS ADDRESS: STREET 1: 1080 HYKES ROAD CITY: GREENCASTLE STATE: PA ZIP: 17225 BUSINESS PHONE: 717-597-7111 MAIL ADDRESS: STREET 1: 1080 HYKES ROAD CITY: GREENCASTLE STATE: PA ZIP: 17225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kewaunee Fabrications, LLC CENTRAL INDEX KEY: 0001487261 IRS NUMBER: 391975610 STATE OF INCORPORATION: WI FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-08 FILM NUMBER: 10715004 BUSINESS ADDRESS: STREET 1: 520 NORTH MAIN STREET CITY: KEWAUNEE STATE: WI ZIP: 54216 BUSINESS PHONE: 920-388-2000 MAIL ADDRESS: STREET 1: 520 NORTH MAIN STREET CITY: KEWAUNEE STATE: WI ZIP: 54216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: McNeilus Companies, Inc. CENTRAL INDEX KEY: 0001487262 IRS NUMBER: 411656668 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-07 FILM NUMBER: 10715003 BUSINESS ADDRESS: STREET 1: 524 COUNTY ROAD 34 EAST STREET 2: P.O. BOX 70 CITY: DODGE CENTER STATE: MN ZIP: 55927 BUSINESS PHONE: 507-374-6321 MAIL ADDRESS: STREET 1: 524 COUNTY ROAD 34 EAST STREET 2: P.O. BOX 70 CITY: DODGE CENTER STATE: MN ZIP: 55927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: McNeilus Financial, Inc. CENTRAL INDEX KEY: 0001487263 IRS NUMBER: 411314526 STATE OF INCORPORATION: TX FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-06 FILM NUMBER: 10715002 BUSINESS ADDRESS: STREET 1: 524 COUNTY ROAD 34 EAST STREET 2: P.O. BOX 70 CITY: DODGE CENTER STATE: MN ZIP: 55927 BUSINESS PHONE: 507-374-6321 MAIL ADDRESS: STREET 1: 524 COUNTY ROAD 34 EAST STREET 2: P.O. BOX 70 CITY: DODGE CENTER STATE: MN ZIP: 55927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: McNeilus Truck & Manufacturing, Inc. CENTRAL INDEX KEY: 0001487264 IRS NUMBER: 410967369 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-05 FILM NUMBER: 10715001 BUSINESS ADDRESS: STREET 1: 524 COUNTY ROAD 34 EAST STREET 2: P.O. BOX 70 CITY: DODGE CENTER STATE: MN ZIP: 55927 BUSINESS PHONE: 507-374-6321 MAIL ADDRESS: STREET 1: 524 COUNTY ROAD 34 EAST STREET 2: P.O. BOX 70 CITY: DODGE CENTER STATE: MN ZIP: 55927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Medtec Ambulance Corp CENTRAL INDEX KEY: 0001487265 IRS NUMBER: 351570451 STATE OF INCORPORATION: IN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-04 FILM NUMBER: 10715000 BUSINESS ADDRESS: STREET 1: 2429 LINCOLN WAY EAST CITY: GOSHEN STATE: IN ZIP: 46526-9292 BUSINESS PHONE: 574-534-2631 MAIL ADDRESS: STREET 1: 2429 LINCOLN WAY EAST CITY: GOSHEN STATE: IN ZIP: 46526-9292 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oshkosh Specialty Vehicles, Inc. CENTRAL INDEX KEY: 0001487266 IRS NUMBER: 205309743 STATE OF INCORPORATION: WI FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-03 FILM NUMBER: 10714999 BUSINESS ADDRESS: STREET 1: 2150 E. DOLTON ROAD CITY: CALUMET CITY STATE: IL ZIP: 60409 BUSINESS PHONE: 708-596-5066 MAIL ADDRESS: STREET 1: 2150 E. DOLTON ROAD CITY: CALUMET CITY STATE: IL ZIP: 60409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pierce Manufacturing Inc. CENTRAL INDEX KEY: 0001487267 IRS NUMBER: 390139830 STATE OF INCORPORATION: WI FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-02 FILM NUMBER: 10714998 BUSINESS ADDRESS: STREET 1: 2600 AMERICAN DRIVE STREET 2: P.O. BOX 2017 CITY: APPLETON STATE: WI ZIP: 54913 BUSINESS PHONE: 920-832-3000 MAIL ADDRESS: STREET 1: 2600 AMERICAN DRIVE STREET 2: P.O. BOX 2017 CITY: APPLETON STATE: WI ZIP: 54913 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Viking Truck & Equipment Sales, Inc. CENTRAL INDEX KEY: 0001487268 IRS NUMBER: 311395956 STATE OF INCORPORATION: OH FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: S-4 SEC ACT: 1933 Act SEC FILE NUMBER: 333-165792-01 FILM NUMBER: 10714997 BUSINESS ADDRESS: STREET 1: 8997 LESAINT DRIVE CITY: FAIRFIELD STATE: OH ZIP: 45014 BUSINESS PHONE: 513-874-2022 MAIL ADDRESS: STREET 1: 8997 LESAINT DRIVE CITY: FAIRFIELD STATE: OH ZIP: 45014 S-4 1 a2197340zs-4.htm S-4

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As filed with the Securities and Exchange Commission on March 30, 2010

Registration No. 333-          

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549



FORM S-4

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933



OSHKOSH CORPORATION
(Exact name of registrant as specified in its charter)

Wisconsin
(State or other jurisdiction of
incorporation or organization)
  3711
(Primary Standard Industrial
Classification Code Number)
  39-0520270
(I.R.S. Employer
Identification Number)

2307 Oregon Street
P.O. Box 2566
Oshkosh, Wisconsin 54903
(920) 235-9151

(Address, including zip code and telephone number, including area code, of registrant's principal executive offices)

Bryan J. Blankfield
Executive Vice President, General Counsel and Secretary
2307 Oregon Street
P.O. Box 2566
Oshkosh, Wisconsin 54903
(920) 235-9151

(Name, address, including zip code, and telephone number, including area code, of agent for service)



Copy to:

Patrick G. Quick
John K. Wilson
Foley & Lardner LLP
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202-5306
(414) 271-2400



          Approximate date of commencement of proposed sale to the public: As soon as practicable after the effectiveness of this registration statement and the satisfaction or waiver of all other conditions pursuant to the exchange offer described herein.

          If the securities being registered on this Form are being offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box.    o

          If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.    o

          If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.    o

          Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ý   Accelerated filer o   Non-accelerated filer o
(Do not check if a
smaller reporting company)
  Smaller reporting company o



CALCULATION OF REGISTRATION FEE

               
 
Title of each class of securities
to be registered

  Amount to be
registered

  Proposed maximum
offering price per
unit(1)

  Proposed maximum
aggregate offering
price(1)

  Amount of
registration fee

 

81/4% Senior Notes due 2017(2)

  $250,000,000   100%   $250,000,000   $17,825
 

81/2% Senior Notes due 2020(2)

  $250,000,000   100%   $250,000,000   $17,825
 

Guarantees for the 81/4% Senior Notes due 2017

  (3)   (3)   (3)   (3)
 

Guarantees for the 81/2% Senior Notes due 2020

  (3)   (3)   (3)   (3)

 

(1)
Estimated solely for purposes of determining the registration fee.

(2)
Calculated pursuant to Rule 457(f)(2) under the Securities Act of 1933.

(3)
Pursuant to Rule 457(n) under the Securities Act of 1933, no registration fee is required with respect to the guarantees.



          The registrants hereby amend this registration statement on such date or dates as may be necessary to delay its effective date until the registrants shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act or until this registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.


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TABLE OF ADDITIONAL REGISTRANTS(1)

Exact Name of Registrant
as Specified in Its Charter
  State or Other
Jurisdiction of
Incorporation
  Primary Standard
Industrial
Classification
Number
  I.R.S. Employer
Identification
Number
 

Access Financial Solutions, Inc. 

  Maryland     3711     23-2208212  

Audubon Manufacturing Corporation

 

Iowa

   
3711
   
91-1983195
 

Concrete Equipment Company, Inc. 

 

Nebraska

   
3711
   
47-0439820
 

Fulton International, Inc. 

 

Delaware

   
3711
   
25-1589019
 

Iowa Contract Fabricators, Inc. 

 

Iowa

   
3711
   
42-1418425
 

Iowa Mold Tooling Co., Inc. 

 

Delaware

   
3711
   
52-2270527
 

JerrDan Corporation

 

Delaware

   
3711
   
14-1841564
 

JLG Equipment Services, Inc. 

 

Pennsylvania

   
3711
   
25-1561946
 

JLG Industries, Inc. 

 

Pennsylvania

   
3711
   
25-1199382
 

JLG OmniQuip, Inc. 

 

Delaware

   
3711
   
20-0102339
 

Kewaunee Fabrications, L.L.C. 

 

Wisconsin

   
3711
   
39-1975610
 

McNeilus Companies, Inc. 

 

Minnesota

   
3711
   
41-1656668
 

McNeilus Financial, Inc. 

 

Texas

   
3711
   
41-1314526
 

McNeilus Truck and Manufacturing, Inc. 

 

Minnesota

   
3711
   
41-0967369
 

Medtec Ambulance Corporation

 

Indiana

   
3711
   
35-1570451
 

Oshkosh Specialty Vehicles, Inc. 

 

Wisconsin

   
3711
   
20-5309743
 

Pierce Manufacturing Inc. 

 

Wisconsin

   
3711
   
39-0139830
 

Viking Truck & Equipment Sales, Inc. 

 

Ohio

   
3711
   
31-1395956
 

(1)
The address and telephone number of the principal executive offices for each additional registrant is 2307 Oregon Street, P. O. Box 2566, Oshkosh, Wisconsin 54903, (920) 235-9151. The name, address and telephone number of the agent for service for each additional registrant is Bryan J. Blankfield, Executive Vice President, General Counsel and Secretary, Oshkosh Corporation, 2307 Oregon Street, P. O. Box 2566, Oshkosh, Wisconsin 54903, (920) 235-9151.

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The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is declared effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

Subject to completion
Preliminary prospectus dated March 30, 2010

PROSPECTUS

GRAPHIC

Oshkosh Corporation

OFFER TO EXCHANGE ALL OUTSTANDING
$250,000,000 81/4% Senior Notes due 2017
$250,000,000 81/2% Senior Notes due 2020

FOR NEW, REGISTERED
$250,000,000 81/4% Senior Notes due 2017
$250,000,000 81/2% Senior Notes due 2020



        We are offering, upon the terms and subject to the conditions set forth in this prospectus, to exchange all of our outstanding 81/4% Senior Notes due 2017 and our 81/2% Senior Notes due 2020, issued on March 3, 2010 in a private offering, for our new, registered 81/4% Senior Notes due 2017 and our new, registered 81/2% Senior Notes due 2020, respectively.

    The exchange offer expires at 5:00 p.m., New York City time, on                , 2010, unless we extend it.

    The terms of the new notes are substantially identical to those of the original notes, except that the new notes will not have securities law transfer restrictions and the registration rights relating to the original notes and the new notes will not provide for the payment of additional interest under circumstances relating to the timing of the exchange offer.

    The new notes will be unconditionally guaranteed, jointly and severally, by certain of our subsidiaries on a senior unsecured basis.

    All outstanding original notes that are validly tendered and not validly withdrawn will be exchanged.

    You may withdraw your tender of original notes any time before the exchange offer expires.

    We will not receive any proceeds from the exchange offer.

    No established trading market for the new notes currently exists. The new notes will not be listed on any securities exchange or included in any automated quotation system.

    The exchange of notes will not be a taxable event for U.S. federal income tax purposes.

        See "Risk Factors" beginning on page 15 for a discussion of risk factors that you should consider before deciding to exchange your original notes for new notes.

        Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.



The date of this prospectus is                        , 2010.


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        In this prospectus, unless the context indicates otherwise and except as expressly set forth in the section captioned "Description of New Notes," the terms the "Company," "we," "us" and "our" refer to Oshkosh Corporation and its consolidated subsidiaries. References in this prospectus to a "fiscal year" are to our fiscal year ended September 30.

        In this prospectus, except as expressly set forth in the section captioned "Description of New Notes," we refer to our outstanding 81/4% Senior Notes due 2017 and our outstanding 81/2% Senior Notes due 2020 collectively as the "original notes" and we refer to our new, registered 81/4% Senior Notes due 2017 and our new, registered 81/2% Senior Notes due 2020 collectively as the "new notes." Any reference to "notes" in this prospectus refers to the original notes and the new notes collectively, unless the context requires a different interpretation.

        The "Oshkosh®," "JLG®," "Pierce®," "McNeilus®," "TAK-4®," "PUC™" and "ClearSky™" trademarks and related logos referenced in this memorandum are trademarks or registered trademarks of Oshkosh Corporation or its subsidiaries. All other product and service names referenced in this prospectus are the trademarks or registered trademarks of their respective owners.

        This prospectus incorporates important business and financial information about us that is not included in or delivered with this prospectus. We will provide you without charge upon your request, a copy of any documents that we incorporate by reference, other than exhibits to those documents that are not specifically incorporated by reference into those documents. You may request a copy of a document by writing to Bryan J. Blankfield, Executive Vice President, General Counsel and Secretary, Oshkosh Corporation, 2307 Oregon Street, P.O. Box 2566, Oshkosh, Wisconsin 54903, or by calling Mr. Blankfield at (920) 235-9151. To ensure timely delivery, you must request the information no later than five business days before the completion of the exchange offer. Therefore, you must make any request on or before                        , 2010.

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PROSPECTUS SUMMARY

        This summary highlights information contained elsewhere in this prospectus. This summary may not contain all of the information that may be important to you. You should carefully read this entire prospectus, including "Risk Factors," and the documents we incorporate by reference into this prospectus.

        All operating results included in this prospectus reflect results from continuing operations only and therefore exclude the operations of our former European fire apparatus business, BAI Brescia Antincendi International S.r.l. ("BAI"), and Geesink Group B.V., Norba A.B. and Geesink Norba Limited ("Geesink"), which comprised our European refuse collection vehicle business, which have been reclassified to discontinued operations for all periods presented.

About Our Company

        We are a leading designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies. We began business in 1917 and were among the early pioneers of four-wheel drive technology. We currently operate in four business segments: defense, access equipment, fire & emergency and commercial, which comprised 61%, 14%, 18% and 7%, respectively, of our consolidated net sales for the twelve months ended December 31, 2009. For the twelve months ended December 31, 2009, our consolidated sales were approximately $6.4 billion.

        Defense Segment.    Our defense segment has sold products to the U.S. Department of Defense ("DoD") for over 80 years. In 1981, we were awarded the first Heavy Expanded Mobility Tactical Truck ("HEMTT") contract for the DoD, and quickly our defense segment developed into the DoD's leading supplier of severe-duty, heavy-payload tactical trucks. In recent years, we have broadened our defense product offerings to become the leading manufacturer of severe-duty, heavy- and medium-payload tactical trucks for the DoD, manufacturing vehicles that perform a variety of demanding tasks such as hauling tanks, missile systems, ammunition, fuel and cargo for combat units.

        In June 2009, the DoD awarded us a sole source contract for MRAP All Terrain Vehicles ("M-ATVs") and associated aftermarket parts packages. Through February 23, 2010, the DoD had awarded us orders for 8,079 M-ATVs and associated aftermarket parts packages, valued at more than $4.7 billion. Key attributes of the M-ATV include superior survivability and mobility required for the current conflict in Afghanistan. The M-ATV represents our first major entry into the market for vehicles used in small unit combat operations.

        In August 2009, the DoD awarded us a contract valued at $280.9 million for the production and delivery of 2,571 trucks and trailers under the U.S. Army's Family of Medium Tactical Vehicles ("FMTV") Rebuy program. The FMTV Rebuy program is a five-year requirements contract award for the production of up to 23,000 medium-payload tactical vehicles and trailers as well as support services and engineering. Competitors filed protests with the Government Accountability Office ("GAO") regarding the award of the FMTV contract, and the U.S. Army issued a stop work order on the FMTV program pending resolution of the protests. In December 2009, the GAO upheld certain portions of the protests. On February 12, 2010, the U.S. Army affirmed the contract award to us and canceled the stop work order following its review of the protests and a peer review by the Office of the Secretary of Defense of the U.S. Army's decision.

        In fiscal 2009, we received orders totaling $195 million to retrofit approximately 2,400 Mine Resistant Ambush Protected ("MRAP") vehicles originally manufactured by other companies for the DoD with our patented TAK-4 independent suspension system. We are actively supporting the engineering and testing for retrofit installation of TAK-4 under other MRAP models that could lead to additional TAK-4 sales in the future. The existing MRAP fleet maintained by the U.S. military consists of over 16,000 vehicles.

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        Access Equipment Segment.    Through JLG Industries, Inc. ("JLG"), which comprises our access equipment segment, we are a leading global producer of access equipment based on gross revenues. Our access equipment segment manufactures aerial work platforms and telehandlers used in a wide variety of construction, agricultural, industrial, institutional and general maintenance applications to position workers and materials at elevated heights. Access equipment customers include equipment rental companies, construction contractors, manufacturing companies, home improvement centers and the U.S. military.

        Fire & Emergency Segment.    Our fire & emergency segment manufactures commercial and custom firefighting vehicles and equipment, aircraft rescue and firefighting ("ARFF") vehicles, snow removal vehicles, ambulances, wreckers, carriers and other emergency vehicles primarily sold to fire departments, airports, other governmental units and towing companies in the U.S. and abroad; mobile medical trailers sold to hospitals and third-party medical service providers in the U.S., Europe and a growing number of other regions; and broadcast vehicles sold to broadcasters and television stations in North America and abroad. Through Pierce Manufacturing Inc. ("Pierce"), we are a leading domestic manufacturer of fire apparatus assembled on custom chassis, designed and manufactured by Pierce to meet the special needs of firefighters. Pierce also manufactures fire apparatus assembled on commercially available chassis, which are produced for multiple end-customer applications. In October 2009, we sold our 75% interest in our European fire apparatus business, BAI.

        Commercial Segment.    Our commercial segment manufactures rear- and front-discharge concrete mixers, refuse collection vehicles, portable and stationary concrete batch plants and vehicle components sold to ready-mix companies and commercial and municipal waste haulers in North America and other international markets and field service vehicles and truck-mounted cranes sold to mining, construction and other companies in the U.S. and abroad. Through McNeilus Companies, Inc. ("McNeilus"), we are a leading North American manufacturer of refuse collection vehicles for the waste services industry. Through McNeilus and other recognized brands, we are a leading manufacturer of front- and rear-discharge concrete mixers and portable and stationary concrete batch plants for the concrete ready-mix industry throughout the Americas.

Business Strategy

        We are focused on increasing our net sales, profitability and cash flow and strengthening our balance sheet by capitalizing on our competitive strengths and pursuing a comprehensive, integrated business strategy. Key elements of our business strategy include:

        Pursuing Global Growth and Profitability.    We plan to continue our focus on those specialty vehicle and vehicle body markets where we have or can acquire strong market positions over time and where we believe we can leverage synergies in purchasing, manufacturing, technology and distribution to increase sales and profitability. As we focus in the near-term on maintaining production levels to meet the delivery requirements of the M-ATV contract, we will continue to pursue follow-on orders and additional contracts from our largest customer, the DoD. Business development teams actively pursue new customers, including those in adjacent markets. In addition, we believe that opportunities exist to develop or increase distribution of our products, particularly in the access equipment segment, in global markets including developing countries in Asia, Eastern Europe, the Middle East and Latin America. After we accomplish our plan to significantly reduce debt, we intend to selectively pursue strategic acquisitions, both domestically and internationally, to enhance our product offerings and expand our international presence in specialty vehicle and vehicle body markets.

        Introducing New Products.    We intend to maintain our emphasis on new product development as we seek to expand sales by leading our core markets in the introduction of new or improved products and new technologies, through internal development, strategic acquisitions or licensing of technology. We actively seek to commercialize emerging technologies that are capable of expanding customer uses of our products.

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        Providing Superior Quality and Service to Each Market.    We generally sell premium product lines in each of our markets and seek to provide superior quality and service in each market to sustain our premium product positioning. In times of weak economic conditions, we believe that providing superior quality and service is even more important as customers look to partner with suppliers they know will be there to help them through tough conditions. Each of our businesses maintains active programs involving customer outreach, design and manufacturing quality and supplier certification to assure superior product quality.

        Focusing on Lean Operations.    We seek to deliver high performance products to customers at both low acquisition prices and low total product life cycle costs. Historically, we have utilized teams of industrial engineers and procurement specialists to re-engineer manufacturing processes and leverage purchasing volumes to meet these objectives. We also utilize a comprehensive, lean enterprise focus to continue our drive to be a low cost producer in all of our product lines and to deliver low product life cycle costs for our customers. Lean is a methodology to eliminate non-value added work from a process stream.

        During the last few years, we have implemented this strategy by:

    Combining our strategic purchasing teams globally into a single organization led by an externally recruited chief procurement officer to capture our full purchasing power across our businesses and to promote low cost country sourcing;

    Creating chartered cost reduction teams at all businesses and introducing broad-based training programs;

    Creating a new global manufacturing team to further promote quality and lean initiatives; and

    Launching the Oshkosh Operating System to create common practices across the company to enhance our performance.

        As a result of this focus, we expect to reduce product costs, manufacturing lead times and new product development cycle times over the next several years.

        Focusing on Cost Management and Debt Reduction.    In light of significantly lower demand in certain of our businesses as a result of the global recession, fluctuating steel and other costs, and our significant leverage, we plan to continue to focus on cost management and reduction as well as generating cash for debt reduction. In late fiscal 2008 and fiscal 2009, we quickly and proactively took actions, including reducing our global workforce by approximately 20% and cutting discretionary spending, which resulted in significant overhead and operating cost reductions. We expect to continue to focus in fiscal 2010 on reducing our cost structure and accelerating debt reduction, even as we have added to our workforce to appropriately staff for the M-ATV contract. We have also focused significant attention on reducing working capital to free up cash for debt reduction, primarily through tighter controls over production and inventory reduction programs.

Competitive Strengths

        The following competitive strengths support our business strategy:

        Strong Market Positions.    We have developed strong market positions and brand recognition in our core businesses, which we attribute to our reputation for quality products, advanced engineering, innovation, vehicle performance, reliability, customer service and low total product life cycle costs. We maintain leading market shares in most of our businesses and are the sole-source supplier of a number of vehicles to the DoD, including M-ATVs.

        Diversified Product Offering.    We believe our broad product offerings and target markets serve to diversify our sources of revenues, mitigate the impact of economic cycles and provide multiple

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platforms for potential internal growth and acquisitions. For each of our target markets, we have developed or acquired a broad product line in an effort to become a single-source provider of specialty vehicles, vehicle bodies, parts and service and related products to our customers. In addition, we have established an extensive domestic and international distribution system for specialty vehicles and vehicle bodies tailored to each market.

        Quality Products and Customer Service.    We have developed strong brand recognition among our products as a result of our commitment to meet the stringent product quality and reliability requirements of our customers and the specialty vehicle and vehicle body markets we serve. We also achieve high quality customer service through our extensive parts and service support programs, which are available to domestic customers 365 days a year in all product lines throughout our distribution systems.

        Innovative and Proprietary Components.    Our advanced design and engineering capabilities have contributed to the development of innovative and/or proprietary, severe-duty components that enhance vehicle performance, reduce manufacturing costs and strengthen customer relationships. Our advanced design and engineering capabilities have also allowed us to integrate many of these components across various product lines, which enhances our ability to compete for new business and reduces our costs to manufacture our products compared to manufacturers who simply assemble purchased components. Examples of our innovative components include:

    The TAK-4 independent suspension system, which we are able to install on other manufacturers' MRAP vehicles and which we believe was critical to us winning the M-ATV contract;

    The Pierce Ultimate Configuration ("PUC") vehicle configuration, which eliminates the bulky pumphouse from firefighting vehicles, making such vehicles easier to use and service;

    McNeilus compressed natural gas-powered refuse collection vehicles, which reduce fuel costs and emissions; and

    ClearSky telematics solution for JLG aerial work platforms, which remotely connects a rental fleet, providing information on location, operating status and equipment health.

        Flexible and Efficient Manufacturing.    Over the past 13 years, we have significantly increased manufacturing efficiencies. We believe we have competitive advantages over larger vehicle manufacturers in our specialty vehicle markets due to our manufacturing flexibility, vertical integration, purchasing power in specialty vehicle components and custom fabrication capabilities. In addition, we believe we have competitive advantages over smaller vehicle and vehicle body manufacturers due to our relatively higher volumes of similar products that permit the use of moving assembly lines and which allow us to leverage purchasing power opportunities across product lines. We believe our plan to meet the aggressive delivery requirements for M-ATVs under the recently awarded DoD contract is an example of our robust manufacturing capability. In addition to our existing defense truck manufacturing facilities in Oshkosh, Wisconsin, we are assembling M-ATV crew capsules and complete M-ATVs at our JLG manufacturing facility in McConnellsburg, Pennsylvania.

        Strong Management Team.    We are led by Chairman and Chief Executive Officer, Robert G. Bohn, and President and Chief Operating Officer, Charles L. Szews, who have been employed by us since 1992 and 1996, respectively. Messrs. Bohn and Szews are complemented by an experienced senior management team that has been assembled through internal promotions, new hires and acquisitions. The management team has successfully executed a strategic reshaping and expansion of our business since 1996, which has positioned us to significantly improve our financial and operating performance.

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Recent Development

        In August 2009, the DoD awarded us a contract valued at $280.9 million for the production and delivery of 2,571 trucks and trailers under the U.S. Army's FMTV Rebuy program. The FMTV Rebuy program is a five-year requirements contract award for the production of up to 23,000 medium-payload tactical vehicles and trailers as well as support services and engineering. Competitors filed protests with the GAO regarding the award of the FMTV contract, and the U.S. Army issued a stop work order on the FMTV program pending resolution of the protests. In December 2009, the GAO upheld certain portions of the protests. On February 12, 2010, the U.S. Army affirmed the contract award to us and canceled the stop work order following its review of the protests and a peer review by the Office of the Secretary of Defense of the U.S. Army's decision.

        On February 23, 2010, we announced we had received an additional $640 million order from the DoD to deliver 1,460 M-ATVs. Through February 23, 2010, including this additional order, the DoD had awarded us orders for 8,079 M-ATVs and associated aftermarket parts packages, valued at more than $4.7 billion.

Corporate Information

        We are a publicly traded Wisconsin corporation. Our common stock is listed on the New York Stock Exchange under the symbol "OSK." Our headquarters and principal executive offices are located at 2307 Oregon Street, P.O. Box 2566, Oshkosh, Wisconsin 54903, and our telephone number is (920) 235-9151.

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The Exchange Offer

Original Notes

  We sold $250,000,000 aggregate principal amount of our 81/4% Senior Notes due 2017 and $250,000,000 aggregate principal amount of our 81/2% Senior Notes due 2020, each of which are unconditionally guaranteed, jointly and severally, by some of our subsidiaries on a senior unsecured basis, to the initial purchasers on March 3, 2010. The initial purchasers resold the original notes to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.

Registration Rights Agreement

 

When we sold the original notes, we entered into a registration rights agreement with the initial purchasers in which we agreed, among other things, to provide you and all other holders of the original notes the opportunity to exchange your unregistered original notes for a new series of substantially identical notes that we have registered under the Securities Act. The exchange offer is being made for that purpose.

New Notes

 

We are offering to exchange the original notes for 81/4% Senior Notes due 2017 and 81/2% Senior Notes due 2020 that we have registered under the Securities Act, which are unconditionally guaranteed, jointly and severally, by some of our subsidiaries on a senior unsecured basis. The terms of the new notes and the original notes are substantially identical except:

 

•       the new notes will be issued in a transaction that will have been registered under the Securities Act;

 

•       the new notes will not contain securities law restrictions on transfer; and

 

•       the new notes will not provide for the payment of additional interest under circumstances relating to the timing of the exchange offer.

The Exchange Offer

 

We are offering to exchange $1,000 principal amount of the new notes for each $1,000 principal amount of your original notes. As of the date of this prospectus, there are $250,000,000 aggregate principal amount of our unregistered 81/4% Senior Notes due 2017 outstanding and $250,000,000 aggregate principal amount of our unregistered 81/2% Senior Notes due 2020 outstanding. For procedures for tendering, see "The Exchange Offer—Procedures for Tendering Original Notes."

Expiration Date

 

The exchange offer will expire at 5:00 p.m., New York City time, on                        , 2010, unless we extend it.

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Resales of New Notes

 

We believe that the new notes issued pursuant to the exchange offer in exchange for original notes may be offered for resale, resold and otherwise transferred by you without compliance with the registration and prospectus delivery provisions of the Securities Act if:

 

•       you are not our "affiliate" within the meaning of Rule 405 under the Securities Act;

 

•       you are acquiring the new notes in the ordinary course of your business;

 

•       you have not engaged in, do not intend to engage in, and have no arrangement or understanding with any person to participate in, a distribution (within the meaning of the Securities Act) of the new notes; and

 

•       you are not acting on behalf of any person who could not truthfully make the foregoing representations.

 

If you are an affiliate of ours, or are engaging in or intend to engage in, or have any arrangement or understanding with any person to participate in, a distribution of the new notes, then:

 

•       you may not rely on the applicable interpretations of the staff of the SEC;

 

•       you will not be permitted to tender original notes in the exchange offer; and

 

•       you must comply with the registration and prospectus delivery requirements of the Securities Act in connection with any resale of the original notes.

 

Each participating broker-dealer that receives new notes for its own account under the exchange offer in exchange for original notes that were acquired by the broker dealer as a result of market making or other trading activity must acknowledge that it will deliver a prospectus in connection with any resale of the new notes.

 

Any broker-dealer that acquired original notes from us may not rely on the applicable interpretations of the staff of the SEC and must comply with registration and prospectus delivery requirements of the Securities Act (including being named as a selling security holder) in connection with any resales of the original notes or the new notes.

 

See "The Exchange Offer—Procedures for Tendering Original Notes" and "Plan of Distribution."

Acceptance of Original Notes and Delivery of New Notes

 

We will accept for exchange any and all original notes that are validly tendered in the exchange offer and not withdrawn before the offer expires. The new notes will be delivered promptly following the exchange offer.

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Withdrawal Rights

 

You may withdraw your tender of original notes at any time before the exchange offer expires.

Conditions of the Exchange Offer

 

The exchange offer is subject to the following conditions, which we may waive:

 

•       the exchange offer, or the making of any exchange by a holder of original notes, will not violate any applicable law or interpretation by the staff of the SEC; and

 

•       no action may be pending or threatened in any court or before any governmental agency with respect to the exchange offer that may impair our ability to proceed with the exchange offer.

 

See "The Exchange Offer—Conditions."

Consequences of Failure to Exchange

 

If you are eligible to participate in the exchange offer and you do not tender your original notes, then you will not have further exchange or registration rights and you will continue to hold original notes subject to restrictions on transfer.

Federal Income Tax Consequences

 

The exchange of original notes for new notes will not be taxable to a United States holder for federal income tax purposes. Consequently, you will not recognize any gain or loss upon receipt of the new notes. See "Material U.S. Federal Income Tax Considerations."

Use of Proceeds

 

We will not receive any proceeds from the exchange offer.

Accounting Treatment

 

We will not recognize any gain or loss on the exchange of notes. See "The Exchange Offer—Accounting Treatment."

Exchange Agent

 

Wells Fargo Bank, National Association is the exchange agent. See "The Exchange Offer—Exchange Agent."

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The New Notes

        The summary below describes the principal terms of the new notes. Certain of the terms and conditions described below are subject to important limitations and exceptions. The "Description of New Notes" section of this prospectus contains a more detailed description of the terms and conditions of the new notes.

Issuer

  Oshkosh Corporation

Notes Offered

 

$250,000,000 aggregate principal amount of 81/4% Senior Notes due 2017.

  $250,000,000 aggregate principal amount of 81/2% Senior Notes due 2020.

Maturity Date

 

The Senior Notes due 2017 will mature on March 1, 2017.

  The Senior Notes due 2020 will mature on March 1, 2020.

Interest

 

81/4% for the Senior Notes due 2017.

  81/2% for the Senior Notes due 2020.

Interest Payment Dates

 

Interest on the new notes will be payable semi-annually in cash in arrears on March 1 and September 1 of each year, commencing on September 1, 2010.

Ranking

 

The new notes and guarantees will constitute our senior unsecured debt.

 

They will:

 

•       rank equally in right of payment with all of our and the guarantors' existing and future unsecured senior debt;

 

•       rank senior in right of payment to all of our and the guarantors' existing and future subordinated debt;

 

•       be effectively subordinated to any of our and the guarantors' existing and future secured debt, including all borrowings under our senior secured credit facility, to the extent of the value of the assets securing such debt; and

 

•       be structurally subordinated to all of the existing and future liabilities of each of our subsidiaries that do not guarantee the notes.

 

As of December 31, 2009, after giving effect to our repayment of $200.0 million of our term loan B in January 2010 and after giving effect to the issuance and sale of the original notes and the application of the net proceeds therefrom as described under "Use of Proceeds," we would have had total debt outstanding of approximately $1.67 billion, all of which would have been senior debt, and of which approximately $1.17 billion would have effectively ranked senior to the notes to the extent of the value of the assets securing such debt. In addition, we had approximately $511.0 million of availability under our senior secured credit facility (excluding letters of credit).

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Guarantees

 

Each of our existing and future subsidiaries that from time to time guarantee obligations under our senior credit facility, with certain exceptions, will jointly, severally and unconditionally guarantee the new notes on a senior unsecured basis.

 

Our non-guarantor subsidiaries represented approximately 5% of our total revenues for the twelve-month period ended December 31, 2009. In addition, these non-guarantor subsidiaries represented approximately 17% of our total assets and did not have any debt as of December 31, 2009.

Optional Redemption

 

On and after March 1, 2014, we may redeem some or all of the Senior Notes due 2017, and on and after March 1, 2015, we may redeem some or all of the Senior Notes due 2020, in each case, at any time at the redemption prices described in "Description of New Notes—Optional Redemption." In addition, we may from time to time redeem up to 35% of the aggregate outstanding principal amount of each series of the new notes before March 1, 2013, with the net proceeds of certain equity offerings by us.

Change of Control

 

If we experience certain kinds of changes of control, we must offer to purchase the new notes at 101% of their principal amount, plus accrued and unpaid interest. For more details, see "Description of New Notes—Change of Control."

Certain Covenants

 

The indenture governing the new notes contains covenants that limit, among other things, our ability and the ability of our restricted subsidiaries to:

 

•       incur additional debt;

 

•       pay dividends on our capital stock or repurchase our capital stock and make certain other restricted payments;

 

•       enter into agreements limiting dividends and certain other restricted payments;

 

•       grant liens on our assets;

 

•       enter into sale and leaseback transactions;

 

•       merge, consolidate or transfer or dispose of substantially all of our assets;

 

•       sell, transfer or otherwise dispose of property and assets;

 

•       change the nature of our business; and

 

•       engage in transactions with affiliates.

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Absence of Established Market for the New Notes

 

The new notes will be a new class of securities for which there is currently no market. We do not intend to list the new notes on any securities exchange. Certain of the initial purchasers have advised us that they intend to make a market in the new notes, as permitted by applicable laws and regulations; however, the initial purchasers are not obligated to make a market in the new notes, and they may discontinue their market making activities at any time without notice. Accordingly, we cannot assure you that a liquid market for the new notes will develop or be maintained.

Risk Factors

 

You should refer to the section captioned "Risk Factors" for an explanation of certain risks of investing in the new notes.

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Summary Consolidated Financial Information and Other Data

        The following summary consolidated financial information as of and for the fiscal years ended September 30, 2007, 2008 and 2009 has been derived from, and is qualified by reference to, our audited consolidated financial statements and related notes incorporated by reference in this prospectus. The following summary consolidated financial information as of and for the three months ended December 31, 2008 and 2009 has been derived from, and is qualified by reference to, our unaudited condensed consolidated financial statements and related notes incorporated by reference in this prospectus. The following unaudited summary consolidated financial information for the twelve months ended December 31, 2009 has been derived by adding our financial data for the fiscal year ended September 30, 2009 to our financial data for the three months ended December 31, 2009 and subtracting our financial data for the three months ended December 31, 2008. This information is only a summary and you should read it in conjunction with our financial statements and related notes incorporated by reference in this prospectus. The unaudited interim period financial information, in our opinion, includes all adjustments, which are normal and recurring in nature, necessary for a fair presentation for the periods shown. Results for the three months ended December 31, 2009 are not necessarily indicative of the results to be expected for the full fiscal year.

        The following summary consolidated financial information reflects results from continuing operations only and therefore excludes the operations of BAI and Geesink, which have been reclassified to discontinued operations for all periods presented.

 
  Fiscal Year Ended
September 30,
  Three Months
Ended
December 31,
  Twelve
Months
Ended
December 31,
2009
 
 
  2007(1)   2008   2009(2)   2008   2009  
 
  (Dollars in millions)
 

Income Statement Data:

                                     

Net sales

  $ 6,089.9   $ 6,877.7   $ 5,253.1   $ 1,328.7   $ 2,434.1   $ 6,358.5  

Cost of sales

    5,008.2     5,707.7     4,549.8     1,179.1     1,954.9     5,325.6  
                           
 

Gross income

    1,081.7     1,170.0     703.3     149.6     479.2     1,032.9  

Operating expenses:

                                     
 

Selling, general and administrative

    405.8     482.9     430.3     107.8     114.8     437.3  
 

Amortization of purchased intangibles

    65.4     68.7     62.3     16.2     15.4     61.5  
 

Intangible assets impairment charges(3)

        1.0     1,190.2         23.3     1,213.5  
                           
   

Total operating expenses

    471.2     552.6     1,682.8     124.0     153.5     1,712.3  
                           

Operating income (loss)

    610.5     617.4     (979.5 )   25.6     325.7     (679.4 )

Other income (expense):

                                     
 

Interest expense

    (199.2 )   (210.2 )   (211.4 )   (44.1 )   (50.8 )   (218.1 )
 

Interest income

    4.7     5.6     3.9     1.2     0.9     3.6  
 

Miscellaneous, net(4)

    1.2     (9.0 )   8.8     3.3     0.2     5.7  
                           
   

Total other expense

    (193.3 )   (213.6 )   (198.7 )   (39.6 )   (49.7 )   (208.8 )
                           

Income (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates

    417.2     403.8     (1,178.2 )   (14.0 )   276.0     (888.2 )

Provision for (benefit from) income taxes

    138.1     121.2     (12.6 )   (1.8 )   103.2     92.4  
                           

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  Fiscal Year Ended
September 30,
  Three Months
Ended
December 31,
  Twelve
Months
Ended
December 31,
2009
 
 
  2007(1)   2008   2009(2)   2008   2009  
 
  (Dollars in millions)
 

Income (loss) from continuing operations before equity in earnings of unconsolidated affiliates

    279.1     282.6     (1,165.6 )   (12.2 )   172.8     (980.6 )

Equity in earnings (losses) of unconsolidated affiliates, net of tax

    7.3     6.3     (1.4 )   0.5     (0.3 )   (2.2 )
                           

Income (loss) from continuing operations, net of tax

    286.4     288.9     (1,167.0 )   (11.7 )   172.5     (982.8 )

Discontinued operations, net of tax

    (18.6 )   (210.3 )   67.3     (9.1 )   (2.9 )   73.5  
                           

Net income (loss)

    267.8     78.6     (1,099.7 )   (20.8 )   169.6     (909.3 )

Net loss attributable to the noncontrolling interest

    0.3     0.7     0.9     0.2         0.7  
                           

Net income (loss) attributable to Oshkosh Corporation

  $ 268.1   $ 79.3   $ (1,098.8 ) $ (20.6 ) $ 169.6   $ (908.6 )
                           

Balance Sheet Data (at end of period):

                                     

Cash and cash equivalents

  $ 75.2   $ 88.2   $ 530.4   $ 260.8   $ 858.1   $ 858.1  

Receivables, net

    1,076.2     997.8     563.8     711.0     607.9     607.9  

Inventories, net

    909.5     941.6     789.7     991.2     806.3     806.3  

Net working capital

    646.9     689.2     484.6     649.5     530.5     530.5  

Property, plant and equipment, net

    429.6     453.3     410.2     441.9     394.6     394.6  

Total assets

    6,399.8     6,081.5     4,768.0     5,987.0     5,109.2     5,109.2  

Total debt

    3,057.1     2,774.0     2,038.2     2,692.5     1,855.7     1,855.7  

Total Oshkosh Corporation shareholders' equity

    1,393.6     1,388.6     514.1     1,315.6     686.4     686.4  

Cash Flow Data:

                                     

Net cash provided by (used in):

                                     
 

Operating activities

  $ 406.0   $ 390.4   $ 898.9   $ 280.2   $ 506.0   $ 1,124.7  
 

Investing activities

    (3,226.6 )   (100.2 )   (56.1 )   (15.3 )   (9.2 )   (50.0 )
 

Financing activities

    2,869.7     (273.6 )   (408.1 )   (87.7 )   (167.0 )   (487.4 )

Additions to property, plant and equipment

    83.0     75.8     46.2     9.7     11.9     48.4  

Other Financial Data:

                                     

Backlog (at end of period)

  $ 3,177.8   $ 2,353.8   $ 5,615.4   $ 3,347.9   $ 5,693.2   $ 5,693.2  

Depreciation(5)

    54.3     72.8     75.1     19.2     18.4     74.3  

Amortization(5)(6)

    83.3     90.8     86.6     19.2     22.2     89.6  

(1)
On December 6, 2006, we acquired all of the issued and outstanding capital stock of JLG for $3.1 billion in cash, including acquisition costs and net of cash acquired. Fiscal 2007 results included sales of $2.5 billion and operating income of $268.4 million related to JLG following its acquisition.

(2)
On August 12, 2009, we completed a public equity offering of 14,950,000 shares of common stock, which included the exercise of the underwriters' over-allotment option for 1,950,000 shares of common stock, at a price of $25.00 per share. The net proceeds of the equity offering of approximately $358.1 million, along with cash flow from operations, allowed us to repay $731.6 million of debt in fiscal 2009.

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(3)
In the second quarter of fiscal 2009 and the first quarter of fiscal 2010, we recorded non-cash, pre-tax charges totaling $1.2 billion and $23.3 million, respectively, to record impairment of goodwill and other long-lived assets.

(4)
Miscellaneous, net consists primarily of foreign currency translation gains and losses.

(5)
Excludes amounts recorded in discontinued operations.

(6)
Amortization includes amortization of purchased intangible assets, deferred financing costs and stock-based compensation expense.

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RISK FACTORS

        You should carefully consider the risks described below, in addition to the other information contained or incorporated by reference in this prospectus, before deciding whether to exchange your original notes for new notes. Realization of any of these risks could have a material adverse effect on our business, financial condition, cash flows and results of operations or could materially affect the value or liquidity of the notes and result in the loss of all or part of your investment in the notes. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially adversely affect our business operations, which also could result in the loss of all or part of your investment in the notes.

Risks Related to Our Business

The M-ATV contract is a high profile and urgent priority for the DoD, which requires us to sustain a high rate of production of these vehicles for a number of months. If we are not able to meet the required delivery schedule for this contract, our ability to secure future military business may be materially adversely impacted.

        The M-ATV contract requires that we sustain a high level of production for a number of months in fiscal 2010 following our production ramp up to 1,000 vehicles per month in December 2009. Our ability to continue to meet the required production levels is largely dependent on procuring the necessary material and components in sufficient quantities and on a timely basis. We may incur costs beyond our estimates to sustain these production levels. The DoD continues to perform testing of the vehicles delivered by us. We also could be responsible for certain systemic failures identified over the life of the contract. Accordingly, we may incur material retrofits to vehicles that have already been produced or need to change the configuration of vehicles yet to be built. Material retrofits could involve higher costs than we have estimated for the program. If we are unable to timely complete any of the foregoing items or if we are required to perform significant retrofits to existing vehicles or change the configuration of the vehicles, we may not be able to timely deliver the quantity of vehicles required by the contract. This could negatively impact our ability to win future business with the DoD or other foreign military customers, which, along with the other risks to our costs in this program, would adversely affect our future earnings and cash flows. See "Our dependency on contracts with U.S. and foreign government agencies subjects us to a variety of risks that could materially reduce our revenues or profits" and "A disruption or termination of the supply of parts, materials, components and final assemblies from third-party suppliers could delay sales of our vehicles and vehicle bodies" for additional risks associated with the M-ATV contract.

Certain of our markets are highly cyclical and the current or any further decline in these markets could have a material adverse effect on our operating performance.

        The current or any further decline in overall customer demand in our cyclical access equipment and commercial markets and in our less cyclical fire & emergency markets, could have a material adverse effect on our operating performance. The access equipment market that JLG operates in is highly cyclical and impacted by the strength of economies in general, by prevailing mortgage and other interest rates, by residential and non-residential construction spending, by the ability of rental companies to obtain third party financing to purchase revenue generating assets, by capital expenditures of rental companies in general and by other factors. The ready-mix concrete market that we serve is highly cyclical and impacted by the strength of the economy generally, by prevailing mortgage and other interest rates, by the number of housing starts and by other factors that may have an effect on the level of concrete placement activity, either regionally or nationally. Refuse collection vehicle markets are also cyclical and impacted by the strength of economies in general, by municipal tax receipts and by capital expenditures of large waste haulers. Fire & emergency markets are less cyclical and are impacted by the economy generally and municipal tax receipts and capital expenditures. Concrete mixer and access equipment sales also are seasonal with the majority of such sales occurring in the spring and summer months, which constitute the traditional construction season.

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        The global economy continues to experience a severe recession, which has negatively impacted our sales volumes for our access equipment, commercial and, to a lesser extent, fire & emergency products. Continued weakness in U.S. and European housing starts and non-residential construction spending in most geographical areas of the world are further contributing to the lower sales volumes. A lack of significant improvement in non-residential construction spending or continued low levels of construction activity generally may cause future weakness in demand for our products. In addition, many customers of ours have reduced their expenditures for access equipment. Furthermore, municipal tax revenues have weakened, which has impacted demand for fire apparatus. The mobile medical market is being negatively impacted by uncertainty related to pending U.S. legislation related to health care and its potential impacts on Medicare reimbursement rates for our customers. The towing and recovery equipment market is also being negatively impacted by the global economy and tight credit markets. We cannot provide any assurance that the global recession and tight credit markets will not continue or become more severe. If the global recession and tight credit markets continue or become more severe, then there could be a material adverse effect on our net sales, financial condition, profitability and/or cash flows.

        The high levels of sales in our defense business in recent years have been due in significant part to demand for defense trucks, replacement parts and services (including armoring) and truck remanufacturing arising from the conflicts in Iraq and Afghanistan. Events such as these are unplanned, and we cannot predict how long these conflicts will last or the demand for our products that will arise out of such events. Accordingly, we cannot provide any assurance that the increased defense business as a result of these conflicts will continue. Furthermore, our defense business may fluctuate significantly from time to time as a result of the start and completion of new contract awards that we may receive, such as the M-ATV and FMTV contracts. New vehicle production under the M-ATV contract is currently scheduled to continue only through November 2010. In addition, the bailout of U.S. financial institutions, insurance companies and others as well as the U.S. economic stimulus package have put significant pressure on the U.S. federal budget, including the defense budget. Moreover, uncertainty exists regarding the future level of U.S. military involvement in Iraq and Afghanistan and the related level of defense funding that will be allocated to support this involvement. It is too early to tell what the impact of federal budget pressures and future defense funding for U.S. military involvement in Iraq and Afghanistan will mean to funding for Oshkosh defense programs. As such, we cannot provide any assurance that funding for our defense programs will not be impacted by defense policies and federal budget pressures.

An impairment in the carrying value of goodwill and other indefinite-lived intangible assets could negatively affect our operating results.

        We have a substantial amount of goodwill and purchased intangible assets on our balance sheet as a result of acquisitions we have completed. Approximately 88% of these intangibles are concentrated in the access equipment segment. The carrying value of goodwill represents the fair value of an acquired business in excess of identifiable assets and liabilities as of the acquisition date. The carrying value of indefinite-lived intangible assets represents the fair value of trademarks and trade names as of the acquisition date. Goodwill and indefinite-lived intangible assets that are expected to contribute indefinitely to our cash flows are not amortized, but instead are evaluated for impairment at least annually, or more frequently if potential interim indicators exist that could result in impairment. In testing for impairment, if the carrying value of a reporting unit exceeds its current fair value as determined based on the discounted future cash flows of the reporting unit, the goodwill or intangible asset is considered impaired and is reduced to fair value via a non-cash charge to earnings. Events and conditions that could result in impairment include a prolonged period for the current global recession and tight credit markets, further decline in economic conditions or a slow, weak economic recovery, as well as sustained declines in the price of our common stock, adverse changes in the regulatory environment, adverse changes in interest rates, or other factors leading to reductions in expected

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long-term sales or profitability. Determination of the fair value of a reporting unit includes developing estimates which are highly subjective and incorporate calculations that are sensitive to minor changes in underlying assumptions. Management's assumptions change as more information becomes available. Changes in these assumptions could result in an impairment charge in the future, which could have a significant adverse impact on our reported earnings.

Our dependency on contracts with U.S. and foreign government agencies subjects us to a variety of risks that could materially reduce our revenues or profits.

        We are dependent on U.S. and foreign government contracts for a substantial portion of our business. That business is subject to the following risks, among others, that could have a material adverse effect on our operating performance:

    Our business is susceptible to changes in the U.S. defense budget, which may reduce revenues that we expect from our defense business, especially in light of the uncertainty that exists regarding the future level of U.S. military involvement in Iraq and Afghanistan and the related level of defense funding that will be allocated to support this involvement.

    The U.S. government may not appropriate funding that we expect for our U.S. government contracts, which may prevent us from realizing revenues under current contracts or receiving additional orders that we anticipate we will receive.

    Certain of our government contracts for the U.S. Army and U.S. Marines could be suspended, opened for competition or terminated and all such contracts expire in the future and may not be replaced, which could reduce expected revenues from these contracts. Specifically, our two largest contracts expire relatively soon. Currently, vehicle deliveries under the M-ATV contract expire in November 2010. Our Family of Heavy Tactical Vehicles ("FHTV") contract extends through October 2011, with vehicle deliveries expected to continue through September 2012. The current U.S. Administration has indicated that it supports increased competition for existing defense programs. Accordingly, it is possible that M-ATV orders for units above the 10,000 unit ceiling provided for in the initial contract award could be competed. Also, the U.S. Army has expressed interest in competing our FHTV contract upon its expiration and is investigating processes to do so at this time. Competition for these and other DoD programs we currently have could result in future contracts being awarded to another manufacturer or the contracts being awarded to us at a lower price and earnings margins than the current contracts.

    Defense truck contract awards that we receive may be subject to protests by competing bidders, which protests, if successful, could result in the DoD revoking part or all of any defense truck contract it awards to us and our inability to recover amounts we have expended in anticipation of initiating production under any such contract. In particular, the FMTV contract recently awarded to us was protested by certain unsuccessful bidders for the contract. Although the U.S. Army affirmed the contract award to us on February 12, 2010 following its review of the protests and a peer review of the U.S. Army's decision to affirm the contract award, it is still possible that our competitors could initiate litigation in an attempt to challenge the contract award.

    Most of our government contracts are fixed-price contracts, and our actual costs on any of these contracts may exceed our projected costs, which could result in profits lower than historically realized or than we anticipate or net losses under these contracts.

    We are required to spend significant sums on product development and testing, bid and proposal activities and pre-contract engineering, tooling and design activities in competitions to have the opportunity to be awarded these contracts.

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    Competitions for the award of defense truck contracts are intense, and we cannot provide any assurance that we will be successful in the defense truck procurement competitions in which we participate.

    Our defense products undergo rigorous testing by the customer and are subject to highly technical requirements. Any failure to pass these tests or to comply with these requirements could result in unanticipated retrofit costs, delayed acceptance of trucks, late or no payments under such contracts or cancellation of the contract to provide vehicles to the government.

    Our government contracts are subject to audit, which could result in adjustments of our costs and prices under these contracts.

    Our defense truck contracts are large in size and require significant personnel and production resources, and when such contracts end, we must make adjustments to personnel and production resources. In particular, orders for M-ATVs are requiring substantial personnel and production resources at several of our facilities to enable us to maintain the production levels required to meet the delivery requirements for such orders.

    We periodically experience difficulties with sourcing sufficient vehicle carcasses to maintain our defense truck remanufacturing schedule, which can create uncertainty and inefficiencies for this area of our business.

We may experience losses in excess of our recorded reserves for doubtful accounts, finance receivables, notes receivable and guarantees of indebtedness of others.

        As of December 31, 2009, we had consolidated gross receivables of $728.0 million. In addition, we were a party to agreements in the access equipment segment whereby we have maximum exposure of $115.3 million under guarantees of customer indebtedness to third parties aggregating approximately $300.1 million. We evaluate the collectability of open accounts, finance receivables, notes receivable and our guarantees of indebtedness of others based on a combination of factors and establish reserves based on our estimates of potential losses. In circumstances where we believe it is probable that a specific customer will have difficulty meeting its financial obligations, a specific reserve is recorded to reduce the net recognized receivable to the amount we expect to collect, and/or we recognize a liability for a guarantee we expect to pay, taking into account any amounts that we would anticipate realizing if we are forced to repossess the equipment that supports the customer's financial obligations to us. We also establish additional reserves based upon our perception of the quality of the current receivables, the current financial position of our customers and past collections experience. The level of specific reserves recorded in fiscal 2009, primarily related to JLG's customers, was significantly higher than historically recorded as a result of the impact of the global recession and tight credit markets. Continued economic weakness and tight credit markets may result in additional requirements for specific reserves. During a recession, the collateral underlying our guarantees of indebtedness of customers or receivables can decline sharply, thereby increasing our exposure to losses. We also face a concentration of credit risk as JLG's ten largest debtors at December 31, 2009 represented approximately 19% of our consolidated gross receivables. Some of these customers are highly leveraged. In fiscal 2009, we recorded $50.0 million in charges for credit losses, the vast majority of which was in the access equipment segment, reflecting the economic weakness throughout the world. In the future, we may incur losses in excess of our recorded reserves if the financial condition of our customers were to deteriorate further or the full amount of any anticipated proceeds from the sale of the collateral supporting our customers' financial obligations is not realized. Our cash flows and overall liquidity may be materially adversely affected if any of the financial institutions that finance our customer receivables become unable or unwilling, due to current economic conditions, a weakening of our or their financial position or otherwise, to continue providing such credit.

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A disruption or termination of the supply of parts, materials, components and final assemblies from third-party suppliers could delay sales of our vehicles and vehicle bodies.

        We have experienced, and may in the future experience, significant disruption or termination of the supply of some of our parts, materials, components and final assemblies that we obtain from sole source suppliers or subcontractors. We may also incur a significant increase in the cost of these parts, materials, components or final assemblies. These risks are increased in the current difficult economic environment and tight credit conditions and for contracts like the M-ATV contract where we must sustain a high rate of production for a number of months. Such disruptions, terminations or cost increases could delay sales of our vehicles and vehicle bodies and could result in a material adverse effect on our net sales, financial condition, profitability and/or cash flows. These risks are particularly serious with respect to our suppliers who participate in the automotive industry, from whom we obtain a significant portion of our parts, materials, components and final assemblies. Suppliers to the automotive industry have been severely impacted by the financial difficulties of auto manufacturers, the economic environment and credit conditions and face potential failure if the auto manufacturers' businesses, the economic environment and credit conditions do not improve. These risks are also serious for suppliers for our M-ATV contract who must sustain high rates of production for a number of months. Should they or their suppliers not execute appropriately, we may not be able to sustain our required rate of production.

Raw material price fluctuations may adversely affect our results.

        We purchase, directly and indirectly through component purchases, significant amounts of steel, petroleum based products and other raw materials annually. During fiscal 2008, steel and fuel prices increased significantly resulting in us paying higher prices for these items. Although fuel and steel prices declined in fiscal 2009, the cost of fuel has fluctuated and there are indications that the costs of fuel and steel may continue to fluctuate significantly in the future. Although we have firm, fixed-price contracts for some steel requirements and have some firm pricing contracts for components, we may not be able to hold all of our steel and component suppliers to pre-negotiated prices or negotiate timely component cost decreases commensurate with any steel and fuel cost decreases. Without limitation, these conditions could impact us in the following ways:

    In the access equipment, fire & emergency and commercial segments, we implemented selling price increases to recover increased steel, component and fuel costs experienced in fiscal 2008. However, any such new product prices applied only to new orders, and we were not able to recover all cost increases from customers due to the amount of orders in our backlog prior to the effective dates of new selling prices. In the access equipment segment, some customers reacted adversely to these price increases in light of the subsequent declines in fuel and steel prices, and competitive conditions limited price increases in a time of global recession. Given the current global recession, it is possible that any price increases in any of our markets in response to rising costs could face unfavorable reaction from our customers. Price increases implemented in response to significantly higher fuel and steel prices were largely removed during the second half of fiscal 2009. If fuel and steel costs increase significantly again in the future, there are no assurances that we will be able to raise prices sufficiently to fully offset the impact of the higher fuel and steel costs.

    In the defense business, we are generally limited in our ability to raise prices in response to rising steel, component and fuel costs as we largely do business under annual firm, fixed-price contracts with the DoD. We attempt to limit this risk by obtaining firm pricing from suppliers at the time a contract is awarded. However, if these suppliers, including steel suppliers, do not honor their contracts, then we could face margin pressure in our defense business.

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Our objective is to expand international operations, the conduct of which subjects us to risks that may have a material adverse effect on our business.

        Expanding international sales is a part of our growth strategy. International operations and sales are subject to various risks, including political, religious and economic instability, local labor market conditions, the imposition of foreign tariffs and other trade barriers, the impact of foreign government regulations and the effects of income and withholding taxes, governmental expropriation and differences in business practices. We may incur increased costs and experience delays or disruptions in product deliveries and payments in connection with international manufacturing and sales that could cause loss of revenues and earnings. We are increasingly subject to export control regulations, including, without limitation, the United States Export Administration Regulations and the International Traffic in Arms Regulations. Unfavorable changes in the political, regulatory and business climate could have a material adverse effect on our net sales, financial condition, profitability and/or cash flows.

We are subject to fluctuations in exchange rates and other risks associated with our non-U.S. operations that could adversely affect our results of operations and may significantly affect the comparability of our results between financial periods.

        For the fiscal year ended September 30, 2009, approximately 15% of our net sales were attributable to products sold outside of the United States, including approximately 10% that involved export sales from the United States. The majority of export sales are denominated in U.S. dollars. Sales outside the United States are typically made in the local currencies of those countries. Fluctuations in foreign currency can have an adverse impact on our sales and profits as amounts that are measured in foreign currency are translated back to U.S. dollars. We have sales of inventory denominated in U.S. dollars to certain of our subsidiaries that have functional currencies other than the U.S. dollar. The exchange rates between many of these currencies and the U.S. dollar have fluctuated significantly in recent years and may fluctuate significantly in the future. Such fluctuations, in particular those with respect to the Euro, the U.K. pound sterling, the Canadian dollar and the Australian dollar, may have a material effect on our net sales, financial condition, profitability and/or cash flows and may significantly affect the comparability of our results between financial periods. Any appreciation in the value of the U.S. dollar in relation to the value of the local currency will adversely affect our revenues from our foreign operations when translated into U.S. dollars. Similarly, any appreciation in the value of the U.S. dollar in relation to the value of the local currency of those countries where our products are sold will increase our costs in our foreign operations, to the extent such costs are payable in foreign currency, when translated into U.S. dollars.

Changes in regulations could adversely affect our business.

        Both our products and the operation of our manufacturing facilities are subject to statutory and regulatory requirements. These include environmental requirements applicable to manufacturing and vehicle emissions, government contracting regulations and domestic and international trade regulations. A significant change to these regulatory requirements could substantially increase manufacturing costs or impact the size or timing of demand for our products, all of which could make our business results more variable.

        The mobile medical equipment market continues to be negatively impacted by previously implemented reductions to Medicare reimbursement rates. Pending U.S. legislation related to health care could further reduce Medicare reimbursement rates from already reduced levels. If enacted, this legislation could further reduce demand for mobile medical equipment.

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We are the defendant in a purported class action lawsuit.

        On September 19, 2008, a purported shareholder of ours filed a complaint seeking certification of a class action lawsuit in the United States District Court for the Eastern District of Wisconsin docketed as Iron Workers Local No. 25 Pension Fund on behalf of itself and all others similarly situated v. Oshkosh Corporation and Robert G. Bohn. The lawsuit alleges, among other things, that we violated the Securities Exchange Act of 1934 by making materially inadequate disclosures and material omissions leading to our issuance of revised earnings guidance and announcement of an impairment charge on June 26, 2008. Since the initial lawsuit, other suits containing substantially similar allegations were filed. These lawsuits have been consolidated and an amended complaint has been filed. The amended complaint substantially expands the class period in which securities law violations are alleged to have occurred and names Charles L. Szews, David M. Sagehorn and our independent auditor as additional defendants. On July 24, 2009, the defendants filed their motions to dismiss the lawsuit, and the motions have been fully briefed. The motions are currently pending before the court. The uncertainty associated with this substantial unresolved lawsuit could harm our business, financial condition and reputation. The defense of the lawsuit diverts management's time and attention away from business operations, and negative developments with respect to the lawsuit could cause a decline in the price of our stock. In addition, although we believe the lawsuit is entirely without merit and we intend to continue to vigorously defend against it, the outcome of the lawsuit cannot be predicted and ultimately may have a material adverse effect on our financial condition, profitability and/or cash flows.

Competition in our industries is intense and we may not be able to continue to compete successfully.

        We operate in highly competitive industries. Several of our competitors have greater financial, marketing, manufacturing and distribution resources than us and we are facing competitive pricing from new entrants in certain markets. Our products may not continue to compete successfully with the products of competitors, and we may not be able to retain or increase our customer base or improve or maintain our profit margins on sales to our customers, all of which could adversely affect our net sales, financial condition, profitability and/or cash flows.

Risks Related to the Exchange Offer and the New Notes

You may have difficulty selling the original notes that you do not exchange.

        If you do not exchange your original notes for the new notes offered in the exchange offer, then you will continue to be subject to the restrictions on transfer of your original notes. Those transfer restrictions are described in the indenture governing the new notes and in the legend contained on the original notes, and arose because we originally issued the original notes under exemptions from, and in transactions not subject to, the registration requirements of the Securities Act.

        In general, you may offer or sell your original notes only if they are registered under the Securities Act and applicable state securities laws, or if they are offered and sold under an exemption from those requirements. We do not intend to register the original notes under the Securities Act.

        If a large number of original notes are exchanged for new notes issued in the exchange offer, then it may be more difficult for you to sell your unexchanged original notes. In addition, if you do not exchange your original notes in the exchange offer, then you will no longer be entitled to have those notes registered under the Securities Act.

        See "The Exchange Offer—Consequences of Failure to Exchange Original Notes" for a discussion of the possible consequences of failing to exchange your original notes.

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Our substantial indebtedness could adversely affect our financial condition and prevent us from fulfilling our obligations under the new notes and our other debt instruments.

        We have a substantial amount of debt. At December 31, 2009, after giving effect to our repayment of $200.0 million of our term loan B in January 2010 and after giving effect to the issuance and sale of the original notes and the application of the net proceeds therefrom to repay a portion of our term loan B, our total debt would have been approximately $1.7 billion (approximately $1.2 billion of which would have been borrowed under our senior secured credit agreement), and we would have had approximately $511.0 million of availability under the revolving portion of our senior secured credit agreement (excluding the letters of credit). Our substantial indebtedness and the related restrictive covenants could have important consequences, including:

    making it more difficult for us to satisfy our obligations with respect to the new notes or our other indebtedness;

    limiting our ability to obtain additional sources of financing;

    requiring us to dedicate a substantial portion of our cash flow from operations to pay interest on our debt, which would reduce availability of our cash flow to fund working capital, capital expenditures, acquisitions and other general corporate purposes;

    making us more vulnerable to adverse changes in general economic and industry conditions;

    limiting our flexibility in planning for, and reacting to, changes in our business and industry;

    placing us at a competitive disadvantage compared to our competitors that have less debt;

    exposing us to risks inherent in interest rate fluctuations because some of our borrowings are at variable rates of interest, which could result in higher interest expense in the event of increases in interest rates;

    limiting our ability to pursue strategic acquisitions that may become available in our markets or otherwise capitalizing on business opportunities if we had additional borrowing capacity; and

    limiting our ability to enter into additional foreign currency and interest rate derivative contracts.

We may not be able to generate a sufficient amount of cash flow to meet our debt service obligations.

        Our ability to make scheduled payments or to refinance our obligations with respect to the new notes and our other indebtedness will depend on our financial and operating performance, which, in turn is subject to prevailing economic and industry conditions and other factors, including the availability of financing in the banking and capital markets, which have experienced significant disruptions in recent periods, beyond our control. If our cash flow and capital resources are insufficient to fund our debt service obligations and other commitments, we could face substantial liquidity problems and may be forced to reduce or delay scheduled expansions and capital expenditures, sell material assets or operations, obtain additional capital, or restructure or refinance our indebtedness. We may be unable to effect any of these actions on a timely basis, on commercially reasonable terms or at all, or these actions may be insufficient to meet our capital requirements. In addition, any refinancing of our indebtedness could be at higher interest rates and may require us to comply with more onerous covenants, which could further restrict our operations. If we cannot make scheduled payments on our indebtedness, we will be in default and, as a result, our debt holders could declare all outstanding principal and interest to be due and payable, and we could be forced into bankruptcy or liquidation.

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Despite current indebtedness levels, we may incur additional debt. The incurrence of additional debt could further exacerbate the risks associated with our substantial indebtedness and could result in increased borrowing costs.

        The indenture governing the new notes and our senior secured credit agreement permit us and our existing and future subsidiaries to incur additional debt, including additional notes, subject to certain limitations. If new debt is added to our or any such subsidiary's current debt levels, the related risks that we and they face could intensify.

        Our access to debt financing at competitive risk-based interest rates is partly a function of our credit ratings. Our current long-term debt ratings are B+ with "positive" outlook from Standard & Poor's Rating Services and B1 with "stable" outlook from Moody's Investors Service. Any downgrade to our credit ratings, such as the downgrades that occurred in the first half of fiscal 2009, could increase our interest rates, could limit our access to debt capital markets, could limit the institutions willing to provide us credit facilities, and could make any future credit facility amendments more costly and/or difficult to obtain. In particular, under the terms of our senior secured credit agreement, we would incur a usage fee equal to 0.50% per annum on the aggregate principal amount of all outstanding loans under that agreement for any day on which we have a corporate family rating from Moody's Investors Service of B3 with "negative" watch or lower or a corporate credit rating from Standard & Poor's Rating Services of B- with "negative" watch or lower. Debt ratings by the various rating agencies reflect each agency's opinion of the ability of the issuers to repay debt obligations as they come due. A security rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time by the assigning rating organization. Each rating should be evaluated independently of any other rating. See "Description of Certain Indebtedness" and "Description of New Notes—Certain Covenants—Limitation on Incurrence of Debt" for additional information.

The restrictive covenants in our senior secured credit agreement and the indenture governing the new notes may affect our ability to operate our business successfully.

        Our senior secured credit agreement and the indenture governing the new notes include various provisions that limit our ability to, among other things:

    incur additional indebtedness, guarantees or other obligations;

    declare dividends, make distributions or redeem or repurchase capital stock;

    create liens on assets;

    sell, transfer or otherwise dispose of property and assets;

    enter into transactions with our affiliates; and

    engage in mergers, acquisitions and consolidations.

        In addition, instruments governing our future indebtedness may contain similar or more restrictive covenants. These covenants could adversely affect our ability to finance our future operations or capital needs and pursue available business opportunities.

        Our senior secured credit agreement also requires us to maintain specified quarter-end financial ratios, including a leverage ratio, a senior secured leverage ratio and an interest coverage ratio. Events beyond our control, including changes in general economic and business conditions and the other risks described in this prospectus, may affect our ability to meet those financial ratios. We cannot assure you that we will meet those tests or that the lenders will waive any failure to meet those tests or agree to amendments to those tests. A breach of any of these covenants or any other restrictive covenants contained in our senior secured credit agreement or the indenture governing the new notes would

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result in a default thereunder and may result in a default under our other indebtedness. See "Description of Certain Indebtedness" and "Description of New Notes—Certain Covenants" for additional information.

If we default under the agreements governing our indebtedness, we may not be able to make payments on the new notes.

        Any default under the agreements governing our indebtedness, including a default under our senior secured credit agreement, that is not waived by the required lenders, and the remedies sought by the holders of such indebtedness, could make us unable to pay amounts due on the new notes and may substantially decrease the market value of the new notes. If we are unable to generate sufficient cash flow and are otherwise unable to obtain funds necessary to meet required payments on our indebtedness, or if we otherwise fail to comply with the various covenants, including financial and operating covenants, in the instruments governing our indebtedness (including covenants in our indenture and our senior secured credit agreement), we could be in default under the terms of the agreements governing such indebtedness, including our senior secured credit agreement and the indenture. In the event of such a default, the holders of such indebtedness could elect to declare all the funds borrowed thereunder to be due and payable, together with accrued and unpaid interest, and the lenders under our senior secured credit agreement could elect to terminate their commitments thereunder, cease making further loans and foreclose on the collateral pledged to them. We have pledged a substantial portion of our assets to the lenders under our senior secured credit agreement. In such an event, we cannot assure you that we would have sufficient assets to pay amounts due on the new notes. As a result, you may receive less than the full amount you would otherwise be entitled to receive on the new notes. See "Description of Certain Indebtedness" and "Description of New Notes."

The new notes and the guarantees are not secured by any of our assets. Indebtedness under our senior secured credit agreement is secured, giving the lenders under our senior secured credit agreement a prior claim on a substantial portion of our assets and the assets of our subsidiaries.

        The new notes and the guarantees are not secured by any of our assets, whereas indebtedness under our senior secured credit agreement is secured by a substantial portion of our assets and the assets of our subsidiaries. As of December 31, 2009, after giving effect to our repayment of $200.0 million of our term loan B in January 2010 and after giving effect to the issuance and sale of the original notes and the application of the net proceeds therefrom to repay a portion of our term loan B, approximately $1.2 billion would have been borrowed under our senior secured credit agreement, and we had the ability to borrow an additional $511.0 million under the revolving portion of our senior secured credit agreement (excluding letters of credit). The indenture governing the new notes permits us, subject to certain restrictions, to issue additional secured debt in the future. If we become insolvent or are liquidated, or if payment under any of the instruments governing our secured debt is accelerated, the lenders under those instruments will be entitled to exercise the remedies available to a secured lender under applicable law and pursuant to the instruments governing such debt. Accordingly, the lenders under our senior secured credit agreement and our other secured indebtedness will have a priority claim on our assets securing the debt owed to them. In that event, because the new notes and the guarantees are not secured by any of our assets, it is possible that our remaining assets might be insufficient to satisfy your claims in full.

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If the new notes are rated investment grade at any time by both Moody's Investors Service and Standard & Poor's Ratings Services, most of the restrictive covenants and corresponding events of default contained in the indenture governing the new notes will be suspended.

        If at any time the credit rating on the new notes, as determined by both Moody's Investors Service and Standard & Poor's Ratings Services, equals or exceeds Baa3 and BBB-, respectively, or any equivalent replacement ratings, we will no longer be subject to most of the restrictive covenants and corresponding events of default contained in the indenture. Any restrictive covenants or corresponding events of default that cease to apply to us as a result of achieving these ratings will be restored if one or both of the credit ratings on the new notes later falls below these thresholds. However, during any period in which these restrictive covenants are suspended, we may incur other indebtedness, make restricted payments and take other actions that would have been prohibited if these covenants had been in effect. If the restrictive covenants are later restored, the actions taken while the covenants were suspended will not result in an event of default under the indenture even if they would constitute an event of default at the time the covenants are restored. Accordingly, if these covenants and corresponding events of default are suspended, holders of the new notes will have less credit protection than at the time the original notes are exchanged for the new notes.

We may not be able to repurchase the new notes upon a change of control.

        Upon the occurrence of specific kinds of change of control events, we will be required to offer to repurchase all outstanding new notes at 101% of their principal amount. We may not be able to repurchase the new notes upon a change of control because we may not have sufficient funds. Further, we may be contractually restricted under the terms of our other indebtedness from repurchasing all of the new notes tendered by holders upon a change of control. Accordingly, we may not be able to satisfy our obligations to purchase your new notes unless we are able to refinance or obtain waivers under our other indebtedness. Our failure to repurchase the new notes upon a change of control would cause a default under the indenture and a cross-default under our senior secured credit agreement. Our senior secured credit agreement also provides that a change of control will be a default that permits lenders to accelerate the maturity of borrowings thereunder. Any of our future debt agreements may contain similar provisions.

        In addition, the change of control provisions in the indenture may not protect you from certain important corporate events, such as a leveraged recapitalization (which would increase the level of our indebtedness), reorganization, restructuring, merger or other similar transactions, unless such transaction constitutes a "Change of Control" under the indenture. Such a transaction may not involve a change in voting power or beneficial ownership or, even if it does, may not involve a change in the magnitude required under the definition of "Change of Control" in the indenture to trigger our obligation to offer to repurchase the new notes. If an event occurs that does not constitute a "Change of Control," we will not be required to make an offer to repurchase the new notes and you may be required to continue to hold your new notes despite the event. See "Description of Certain Indebtedness" and "Description of New Notes—Change of Control."

Your ability to transfer the new notes may be limited by the absence of an active trading market, and there is no assurance that any active trading market will develop for the new notes.

        The new notes are a new issue of securities for which there is no established public market. We do not intend to have the new notes listed on a national securities exchange. Certain of the initial purchasers have advised us that they intend to make a market in the new notes, as permitted by applicable laws and regulations; however, the initial purchasers are not obligated to make a market in the new notes, and they may discontinue their market making activities at any time without notice. Therefore, we cannot assure you that an active or liquid market for the new notes will develop or, if developed, that it will continue. Historically, the market for non-investment grade debt has been subject

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to disruptions that have caused substantial volatility in the prices of securities similar to the new notes. We cannot assure you that the market, if any, for the new notes will be free from similar disruptions or that any such disruptions may not adversely affect the prices at which you may sell your new notes. In addition, the new notes may trade at a discount from the initial offering price of the original notes, depending upon prevailing interest rates, the market for similar notes, our performance and other factors.

        The liquidity of, and trading market for, the new notes may also be adversely affected by, among other things:

    changes in the overall market for securities similar to the new notes;

    changes in our financial performance or prospects;

    the prospects for companies in our industry generally;

    the number of holders of the new notes;

    the interest of securities dealers in making a market for the new notes; and

    prevailing interest rates.

Repayment of our debt, including the new notes, is partly dependent on cash flow generated by our subsidiaries.

        Repayment of our indebtedness, including the new notes, is partly dependent on the generation of cash flow by our subsidiaries and their ability to make such cash available to us, by dividend, debt repayment or otherwise. Our subsidiaries may not be able to, or be permitted to, make distributions to enable us to make payments in respect of our indebtedness, including the new notes. Each of our subsidiaries is a distinct legal entity and, under certain circumstances, legal and contractual restrictions may limit our ability to obtain cash from our subsidiaries. While the indenture governing the new notes limits the ability of our restricted subsidiaries to incur consensual restrictions on their ability to pay dividends or make other intercompany payments to us, these limitations are subject to certain qualifications and exceptions. In the event that we do not receive distributions from our subsidiaries, we may be unable to make required principal and interest payments on our indebtedness, including the new notes.

Not all of our subsidiaries guarantee our obligations under the new notes, and the guarantees are subordinated to the liabilities of our non-guarantor subsidiaries.

        The new notes are structurally subordinated to all indebtedness and other liabilities of our subsidiaries that are not guarantors of the new notes. Our present and future subsidiaries that are guarantors under our senior credit agreement guarantee the new notes, except subsidiaries that may be designated as "unrestricted" with respect to the indenture. See "Description of New Notes." Payments on the new notes are required to be made only by us and the guarantors. The historical consolidated financial statements included and incorporated by reference in this prospectus are presented on a consolidated basis, including our domestic and foreign subsidiaries. Our non-guarantor subsidiaries represented approximately 5% of our total revenues for the twelve-month period ended December 31, 2009. In addition, these non-guarantor subsidiaries represented approximately 17% of our total assets and did not have any debt as of December 31, 2009.

        In the event of a bankruptcy, liquidation or reorganization of any of the non-guarantor subsidiaries, holders of their indebtedness, including their trade creditors, will generally be entitled to payment of their claims from the assets of those subsidiaries before any assets are made available for distribution to us. As a result, the new notes are effectively subordinated to the indebtedness and other liabilities of our non-guarantor subsidiaries.

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Federal and state fraudulent transfer laws permit a court to void the guarantees, and, if that occurs, you may not receive any payments on the new notes.

        The issuance of the guarantees may be subject to review under federal and state fraudulent transfer or fraudulent conveyance statutes. While the relevant laws may vary from state to state, under such laws, the incurring of an obligation will be a fraudulent transfer if (1) the obligation was incurred with the intent of hindering, delaying or defrauding creditors or (2) we or any of our subsidiary guarantors, as applicable, received less than reasonably equivalent value or fair consideration in return for issuing either the new notes or a guarantee, and, in the case of (2) only, any one of the following is also true:

    we or an applicable subsidiary guarantor was insolvent or rendered insolvent by reason of the incurrence of the indebtedness;

    payment of the consideration left us or an applicable subsidiary guarantor with an unreasonably small amount of capital to carry on our or its business; or

    we or an applicable subsidiary guarantor intended to, or believed that we or it would, incur debts beyond our or its ability to pay as they matured.

        If a court were to find that the issuance of a guarantee was a fraudulent conveyance, the court could void the payment obligations under such guarantee, subordinate such guarantee to presently existing and future indebtedness of ours or such subsidiary guarantor, or require the holders of the new notes to repay amounts received with respect to such guarantee. In the event of a finding that a fraudulent conveyance occurred, you may not receive any repayment on the new notes.

        Generally, an entity would be considered insolvent if, at the time it incurred indebtedness:

    the sum of its debts, including contingent liabilities, was greater than the fair salable value of all its assets;

    the present fair salable value of its assets was less than the amount that would be required to pay its probable liability on its existing debts and liabilities, including contingent liabilities, as they become absolute and mature; or

    it was unable to pay its debts as they became due.

        We cannot be certain as to the standards a court would use to determine whether we or the guarantors were solvent at the relevant time, or regardless of the standard that a court uses, that the issuance of the guarantees are not subordinated to any subsidiary guarantor's other debt.

        If the guarantees were legally challenged, any guarantee could also be subject to the claim that, since the guarantee was incurred for our benefit, and only indirectly for the benefit of the subsidiary guarantor, the obligations of the applicable guarantor were incurred for less than fair consideration. A court could thus void the obligations under the guarantees, subordinate them to the applicable subsidiary guarantor's other indebtedness or take other action detrimental to the holders of the new notes.

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DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

        This prospectus and the information incorporated by reference in this prospectus contain "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this prospectus, including, without limitation, statements regarding our future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations are forward-looking statements. When used in this prospectus, words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "project" or "plan" or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to sustaining the required rate of production for the MRAP All Terrain Vehicles contract and the amount, if any, of additional orders for such vehicles that we may receive; the cyclical nature of our access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, which could lead to additional impairment charges related to many of our intangible assets; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures, the potential for the government to competitively bid our Army and Marine contracts and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG Industries, Inc. acquisition, which could limit our ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy's impact on our suppliers; the potential for commodity costs to rise sharply, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors that could cause actual results to differ materially from those in the forward-looking statements is contained in "Risk Factors" in this prospectus. All forward-looking statements speak only as of the date of this prospectus. We assume no obligation, and disclaim any obligation, to update information contained in this prospectus.

USE OF PROCEEDS

        The exchange offer is intended to satisfy our obligations under the registration rights agreement entered into in connection with the issuance and sale of the original notes. We will not receive any cash proceeds from the issuance of the new notes. We used the net proceeds of approximately $489 million from the issuance and sale of the original notes to repay a portion of our outstanding indebtedness under term loan B under our senior secured credit agreement. See "Description of Certain Indebtedness" for a description of term loan B and our senior secured credit agreement.

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CAPITALIZATION

        The following table sets forth our cash and cash equivalents and capitalization as of December 31, 2009

    on a historical basis;

    as adjusted to give effect to our repayment of $200.0 million of our term loan B in January 2010; and

    as further adjusted for the application of the net proceeds from the issuance and sale of the original notes to repay a portion of our term loan B.

        You should read this table in conjunction with the information included under the headings "Use of Proceeds" and "Selected Consolidated Financial Information and Other Data" in this prospectus and with our audited consolidated financial statements and related notes and our unaudited condensed consolidated financial statements and related notes incorporated by reference in this prospectus.

 
  As of December 31, 2009  
 
  Actual   As
adjusted
  As further
adjusted for
the application of
the proceeds of the
original notes
 
 
  (Unaudited)
 
 
  (Dollars in millions)
 

Cash and cash equivalents(1)

  $ 858.1   $ 658.1   $ 658.1  
               

Senior secured credit facility:

                   
 

Revolving line of credit(2)

  $   $   $  
 

Term loan B

    1,852.6     1,652.6     1,163.1  

Other facilities

    3.1     3.1     3.1  
 

81/4% Senior Notes due 2017

            250.0  
 

81/2% Senior Notes due 2020

            250.0  
               

Total debt

    1,855.7     1,655.7     1,666.2  

Total Oshkosh Corporation shareholders' equity(3)

    686.4     685.4     683.0  
               

Total capitalization

  $ 2,542.1   $ 2,341.1   $ 2,349.2  
               

(1)
We received significant performance-based payments on the M-ATV program during the first quarter of fiscal 2010, which contributed to cash on hand of $858.1 million at December 31, 2009. A significant portion of the cash on hand will be used to pay suppliers under the M-ATV program. The as adjusted and as further adjusted amounts reflect the use of $200.0 million of cash to repay a portion of our term loan B in January 2010.

(2)
We are party to a syndicated senior secured credit agreement which consists of a $550.0 million revolving credit facility and a term loan facility. At December 31, 2009, we had no borrowings outstanding under the revolving credit facility, and outstanding letters of credit of $39.0 million reduced available capacity under the revolving credit facility to $511.0 million. The revolving credit facility expires in December 2011.

(3)
As a result of our repayment of $200.0 million of our term loan B in January 2010 and our repayment of a portion of our term loan B with the net proceeds of the issuance and sale of the original notes, we expect to incur non-cash, early debt retirement charges. The as adjusted amount reflects $1.0 million and the as further adjusted amount reflects an additional $2.4 million of such charges, net of income tax benefit.

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THE EXCHANGE OFFER

Purpose and Effect; Registration Rights

        We issued and sold the original notes on March 3, 2010 in transactions exempt from the registration requirements of the Securities Act. Therefore, the original notes are subject to significant restrictions on resale. In connection with the issuance of the original notes, we entered into a registration rights agreement, which required that we and the subsidiary guarantors:

    file with the SEC a registration statement under the Securities Act relating to the exchange offer and the issuance and delivery of the new notes in exchange for the original notes;

    use our commercially reasonable efforts to cause the SEC to declare the exchange offer registration statement effective under the Securities Act within 240 days following the date that the original notes were issued; and

    use our commercially reasonable efforts to consummate the exchange offer within 366 days following the date that the original notes were issued.

        If you participate in the exchange offer, then you will, with limited exceptions, receive new notes that are freely tradable and not subject to restrictions on transfer. You should read this prospectus under the heading "—Resales of New Notes" for more information relating to your ability to transfer new notes.

        If you are eligible to participate in the exchange offer and do not tender your original notes, then you will continue to hold the untendered original notes, which will continue to be subject to restrictions on transfer under the Securities Act.

        The exchange offer is intended to satisfy our exchange offer obligations under the registration rights agreement. The above summary of the registration rights agreement is not complete. You are encouraged to read the full text of the registration rights agreement, which has been filed as an exhibit to the registration statement that includes this prospectus.

Terms of the Exchange Offer

        We are offering to exchange $250,000,000 aggregate principal amount of our 81/4% Senior Notes due 2017, which have been registered under the Securities Act, for a like principal amount of our unregistered 81/4% Senior Notes due 2017, and $250,000,000 aggregate principal amount of our 81/2% Senior Notes due 2020, which have been registered under the Securities Act, for a like principal amount of our unregistered 81/2% Senior Notes due 2020.

        Upon the terms and subject to the conditions set forth in this prospectus and in the accompanying letter of transmittal, we will accept all original notes validly tendered and not withdrawn before 5:00 p.m., New York City time, on the expiration date of the exchange offer. We will issue $1,000 principal amount of new notes in exchange for each $1,000 principal amount of outstanding original notes we accept in the exchange offer. You may tender some or all of your original notes under the exchange offer. However, the original notes are issuable in authorized denominations of $1,000 and integral multiples thereof. Accordingly, original notes may be tendered only in denominations of $1,000 and integral multiples thereof. The exchange offer is not conditioned upon any minimum amount of original notes being tendered.

        The form and terms of the new notes will be the same as the form and terms of the original notes, except that:

    the new notes will be registered under the Securities Act and thus will not be subject to the restrictions on transfer or bear legends restricting their transfer;

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    all of the new notes will be represented by global notes in book-entry form unless exchanged for notes in definitive certificated form under the limited circumstances described under "Book-Entry, Delivery and Form;" and

    the new notes will not provide for the payment of additional interest under circumstances relating to the timing of the exchange offer.

        The new notes will evidence the same debt as the original notes and will be issued under, and be entitled to the benefits of, the indenture governing the original notes.

        The new notes will accrue interest from the most recent date to which interest has been paid on the original notes or, if no interest has been paid, from the date of issuance of the original notes. Accordingly, registered holders of new notes on the record date for the first interest payment date following the completion of the exchange offer will receive interest accrued from the most recent date to which interest has been paid on the original notes or, if no interest has been paid, from the date of issuance of the original notes. However, if that record date occurs prior to completion of the exchange offer, then the interest payable on the first interest payment date following the completion of the exchange offer will be paid to the registered holders of the original notes on that record date.

        In connection with the exchange offer, you do not have any appraisal or dissenters' rights under the Wisconsin Business Corporation Law or the indenture. We intend to conduct the exchange offer in accordance with the registration rights agreement and the applicable requirements of the Securities Act, the Securities Exchange Act of 1934 and the rules and regulations of the Securities Exchange Commission ("SEC"). The exchange offer is not being made to, nor will we accept tenders for exchange from, holder of the original notes in any jurisdiction in which the exchange offer or the acceptance of it would not be in compliance with the securities or blue sky laws of the jurisdiction.

        We will be deemed to have accepted validly tendered original notes when we have given oral or written notice of our acceptance to the exchange agent. The exchange agent will act as agent for the tendering holders for the purpose of receiving the new notes from us.

        If we do not accept any tendered original notes because of an invalid tender or for any other reason, then we will return certificates for any unaccepted original notes without expense to the tendering holder as promptly as practicable after the expiration date.

Expiration Date; Amendments

        The exchange offer will expire at 5:00 p.m., New York City time, on                          , 2010, unless we, in our sole discretion, extend the exchange offer.

        If we determine to extend the exchange offer, then we will notify the exchange agent of any extension by oral or written notice and give each registered holder notice of the extension by means of a press release or other public announcement before 9:00 a.m., New York City time, on the next business day after the previously scheduled expiration date.

        We reserve the right, in our sole discretion, to delay accepting any original notes, to extend the exchange offer or to amend or terminate the exchange offer if any of the conditions described below under "—Conditions" have not been satisfied or waived by giving oral or written notice to the exchange agent of the delay, extension, amendment or termination. Further, we reserve the right, in our sole discretion, to amend the terms of the exchange offer in any manner. We will notify you as promptly as practicable of any extension, amendment or termination. We will also file a post-effective amendment to the registration statement of which this prospectus is a part with respect to any fundamental change in the exchange offer.

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Procedures for Tendering Original Notes

        Any tender of original notes that is not withdrawn prior to the expiration date will constitute a binding agreement between the tendering holder and us upon the terms and subject to the conditions set forth in this prospectus and in the accompanying letter of transmittal. A holder who wishes to tender original notes in the exchange offer must do either of the following:

    properly complete, sign and date the letter of transmittal, including all other documents required by the letter of transmittal; have the signature on the letter of transmittal guaranteed if the letter of transmittal so requires; and deliver that letter of transmittal and other required documents to the exchange agent at the address listed below under "—Exchange Agent" on or before the expiration date; or

    if the original notes are tendered under the book-entry transfer procedures described below, transmit to the exchange agent, on or before the expiration date, an agent's message.

        In addition, one of the following must occur:

    the exchange agent must receive certificates representing your original notes along with the letter of transmittal on or before the expiration date, or

    the exchange agent must receive a timely confirmation of book-entry transfer of the original notes into the exchange agent's account at The Depository Trust Company of New York City, or DTC, under the procedure for book-entry transfers described below along with the letter of transmittal or a properly transmitted agent's message, on or before the expiration date; or

    the holder must comply with the guaranteed delivery procedures described below.

        The term "agent's message" means a message, transmitted by a book-entry transfer facility to and received by the exchange agent and forming a part of the book-entry confirmation, which states that the book-entry transfer facility has received an express acknowledgement from the tendering DTC participant stating that the participant has received and agrees to be bound by the letter of transmittal and that we may enforce the letter of transmittal against the participant.

        The method of delivery of original notes, the letter of transmittal and all other required documents to the exchange agent is at your election and risk. Rather than mail these items, we recommend that you use an overnight or hand delivery service. In all cases, you should allow sufficient time to assure timely delivery to the exchange agent before the expiration date. Do not send letters of transmittal or original notes to us.

        Generally, an eligible institution must guarantee signatures on a letter of transmittal or a notice of withdrawal unless the original notes are tendered:

    by a registered holder of the original notes who has not completed the box entitled "Special Issuance Instructions" or "Special Delivery Instructions" on the letter of transmittal; or

    for the account of an eligible institution.

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        If signatures on a letter of transmittal or a notice of withdrawal are required to be guaranteed, the guarantee must be by a firm which is:

    a member of a registered national securities exchange;

    a member of the National Association of Securities Dealers, Inc.;

    a commercial bank or trust company having an office or correspondent in the United States; or

    another "eligible institution" within the meaning of Rule 17Ad-15 under the Securities Exchange Act.

        If the letter of transmittal is signed by a person other than the registered holder of any outstanding original notes, the original notes must be endorsed or accompanied by appropriate powers of attorney. The power of attorney must be signed by the registered holder exactly as the registered holder(s) name(s) appear(s) on the original notes and an eligible institution must guarantee the signature on the power of attorney.

        If the letter of transmittal, or any original notes or powers of attorney are signed by trustees, executors, administrators, guardians, attorneys-in-fact, officers of corporations or others acting in a fiduciary or representative capacity, these persons should so indicate when signing. Unless waived by us, they should also submit evidence satisfactory to us of their authority to so act.

        If you wish to tender original notes that are registered in the name of a broker, dealer, commercial bank, trust company or other nominee, you should promptly instruct the registered holder to tender on your behalf. If you wish to tender on your behalf, you must, before completing the procedures for tendering original notes, either register ownership of the original notes in your name or obtain a properly completed bond power from the registered holder. The transfer of registered ownership may take considerable time.

        We will determine in our sole discretion all questions as to the validity, form, eligibility, including time of receipt, and acceptance of original notes tendered for exchange. Our determination will be final and binding on all parties. We reserve the absolute right to reject any and all tenders of original notes not properly tendered or original notes our acceptance of which might, in the judgment of our counsel, be unlawful. We also reserve the absolute right to waive any defects, irregularities or conditions of tender as to any particular original notes. Our interpretation of the terms and conditions of the exchange offer, including the instructions in the letter of transmittal, will be final and binding on all parties. Unless waived, any defects or irregularities in connection with tenders of original notes must be cured within the time period we determine. Neither we, the exchange agent nor any other person will incur any liability for failure to give you notification of defects or irregularities with respect to tenders of your original notes.

        By tendering, you will represent to us that:

    any new notes that the holder receives will be acquired in the ordinary course of its business;

    the holder has no arrangement or understanding with any person or entity to participate in the distribution (within the meaning of the Securities Act) of the new notes;

    if the holder is not a broker dealer, that it is not engaged in and does not intend to engage in the distribution (within the meaning of the Securities Act) of the new notes;

    if the holder is a broker dealer, that the holder's original notes were acquired as a result of market making activities or other trading activities;

    the holder is not our "affiliate," as defined in Rule 405 of the Securities Act, or, if the holder is our affiliate, it will comply with any applicable registration and prospectus delivery requirements of the Securities Act; and

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    the holder is not acting on behalf of any person who could not truthfully make the foregoing representations.

        If any holder or any such other person is our "affiliate," or is engaged in or intends to engage in or has an arrangement or understanding with any person to participate in a distribution of the new notes to be acquired in the exchange offer, then that holder or any such other person:

    may not rely on the applicable interpretations of the staff of the SEC;

    is not entitled and will not be permitted to tender original notes in the exchange offer; and

    must comply with the registration and prospectus delivery requirements of the Securities Act in connection with any resale transaction.

        Each broker dealer who acquired its original notes as a result of market making activities or other trading activities and thereafter receives new notes issued for its own account in the exchange offer, must acknowledge that it will deliver a prospectus in connection with any resale of such new notes issued in the exchange offer. The letter of transmittal states that by so acknowledging and by delivering a prospectus, a broker dealer will not be deemed to admit that it is an "underwriter" within the meaning of the Securities Act. See "Plan of Distribution" for a discussion of the exchange and resale obligations of broker dealers in connection with the exchange offer.

        Any broker-dealer that acquired original notes directly from us may not rely on the applicable interpretations of the staff of the SEC and must comply with the registration and delivery requirements of the Securities Act (including being named as a selling security holder) in connection with any resales of the original notes or the new notes.

Acceptance of Original Notes for Exchange; Delivery of New Notes

        Upon satisfaction of all conditions to the exchange offer, we will accept, promptly after the expiration date, all original notes properly tendered and will issue the new notes promptly after acceptance of the original notes.

        For purposes of the exchange offer, we will be deemed to have accepted properly tendered original notes for exchange when we have given oral or written notice of that acceptance to the exchange agent. For each original note accepted for exchange, you will receive a new note having a principal amount equal to that of the surrendered original note.

        In all cases, we will issue new notes for original notes that we have accepted for exchange under the exchange offer only after the exchange agent timely receives:

    certificates for your original notes or a timely confirmation of book-entry transfer of your original notes into the exchange agent's account at DTC; and

    a properly completed and duly executed letter of transmittal and all other required documents or a properly transmitted agent's message.

        If we do not accept any tendered original notes for any reason set forth in the terms of the exchange offer or if you submit original notes for a greater principal amount than you desire to exchange, we will return the unaccepted or non-exchanged original notes without expense to you. In the case of original notes tendered by book-entry transfer into the exchange agent's account at DTC under the book-entry procedures described below, we will credit the non-exchanged original notes to your account maintained with DTC.

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Book-Entry Transfer

        We understand that the exchange agent will make a request within two business days after the date of this prospectus to establish accounts for the original notes at DTC for the purpose of facilitating the exchange offer, and any financial institution that is a participant in DTC's system may make book-entry delivery of original notes by causing DTC to transfer the original notes into the exchange agent's account at DTC in accordance with DTC's procedures for transfer. Although delivery of original notes may be effected through book-entry transfer at DTC, the exchange agent must receive a properly completed and duly executed letter of transmittal with any required signature guarantees, or an agent's message instead of a letter of transmittal, and all other required documents at its address listed below under "—Exchange Agent" on or before the expiration date, or if you comply with the guaranteed delivery procedures described below, within the time period provided under those procedures.

Guaranteed Delivery Procedures

        If you wish to tender your original notes and your original notes are not immediately available, or you cannot deliver your original notes, the letter of transmittal or any other required documents or comply with DTC's procedures for transfer before the expiration date, then you may participate in the exchange offer if:

    the tender is made through an eligible institution;

    before the expiration date, the exchange agent receives from the eligible institution a properly completed and duly executed notice of guaranteed delivery, substantially in the form provided by us, by facsimile transmission, mail or hand delivery, containing:

    the name and address of the holder and the principal amount of original notes tendered,

    a statement that the tender is being made thereby, and

    a guarantee that within three New York Stock Exchange trading days after the expiration date, the certificates representing the original notes in proper form for transfer or a book-entry confirmation and any other documents required by the letter of transmittal will be deposited by the eligible institution with the exchange agent; and

    the exchange agent receives the properly completed and executed letter of transmittal as well as certificates representing all tendered original notes in proper form for transfer, or a book-entry confirmation, and all other documents required by the letter of transmittal within three New York Stock Exchange trading days after the expiration date.

Withdrawal Rights

        You may withdraw your tender of original notes at any time before the exchange offer expires.

        For a withdrawal to be effective, the exchange agent must receive a written notice of withdrawal at its address listed below under "—Exchange Agent." The notice of withdrawal must:

    specify the name of the person who tendered the original notes to be withdrawn;

    identify the original notes to be withdrawn, including the principal amount, or, in the case of original notes tendered by book-entry transfer, the name and number of the DTC account to be credited, and otherwise comply with the procedures of DTC; and

    if certificates for original notes have been transmitted, specify the name in which those original notes are registered if different from that of the withdrawing holder.

        If you have delivered or otherwise identified to the exchange agent the certificates for original notes, then, before the release of these certificates, you must also submit the serial numbers of the

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particular certificates to be withdrawn and a signed notice of withdrawal with the signatures guaranteed by an eligible institution, unless the holder is an eligible institution.

        We will determine in our sole discretion all questions as to the validity, form and eligibility, including time of receipt, of notices of withdrawal. Our determination will be final and binding on all parties. Any original notes so withdrawn will be deemed not to have been validly tendered for purposes of the exchange offer. We will return any original notes that have been tendered but that are not exchanged for any reason to the holder, without cost, as soon as practicable after withdrawal, rejection of tender or termination of the exchange offer. In the case of original notes tendered by book-entry transfer into the exchange agent's account at DTC, the original notes will be credited to an account maintained with DTC for the original notes. You may retender properly withdrawn original notes by following one of the procedures described under "—Procedures for Tendering Original Notes" at any time on or before the expiration date.

Conditions

        Notwithstanding any other term of the exchange offer, we will not be required to accept for exchange, or to exchange new notes for, any original notes if:

    the exchange offer, or the making of any exchange by a holder of original notes, would violate any applicable law or applicable interpretation by the staff of the SEC; or

    any action or proceeding is instituted or threatened in any court or by or before any governmental agency with respect to the exchange offer which, in our judgment, would reasonably be expected to impair our ability to proceed with the exchange offer.

        The conditions listed above are for our sole benefit and we may assert them regardless of the circumstances giving rise to any condition. Subject to applicable law, we may waive these conditions in our discretion in whole or in part at any time and from time to time.

        We expressly reserve the right, at any time or at various times, to extend the period of time during which the exchange offer is open. Consequently, we may delay acceptance of any original notes by giving oral or written notice of an extension to their holders. During an extension, all original notes previously tendered will remain subject to the exchange offer, and we may accept them for exchange.

Exchange Agent

        Wells Fargo Bank, National Association is the exchange agent for the exchange offer. You should direct any questions and requests for assistance and requests for additional copies of this prospectus, the letter of transmittal or the notice of guaranteed delivery to the exchange agent addressed as follows:

    By Registered or Certified Mail:

    Wells Fargo Bank, N.A.
    MAC N9303-121
    Corporate Trust Operations
    P.O. Box 1517
    Minneapolis, MN 55480-1517

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    By Regular Mail or Overnight Courier:

    Wells Fargo Bank, N.A.
    MAC N9303-121
    Corporate Trust Operations
    Sixth Street & Marquette Avenue
    Minneapolis, MN 55479

    By Hand:

    Wells Fargo Bank, N.A.
    Northstar East Building—12th floor
    Corporate Trust Services
    608 Second Avenue South
    Minneapolis, MN 55402

    By Facsimile:
    (For Eligible Institutions Only)

    (612) 667-6282

        Delivery of the letter of transmittal to an address other than as listed above or transmission via facsimile other than as listed above will not constitute a valid delivery of the letter of transmittal.

Fees and Expenses

        We will pay the expenses of the exchange offer. We will not make any payments to brokers, dealers or others soliciting acceptances of the exchange offer. We are making the principal solicitation by mail; however, our officers and employees may make additional solicitations by facsimile transmission, e-mail, telephone or in person. You will not be charged a service fee for the exchange of your notes, but we may require you to pay any transfer or similar government taxes in certain circumstances.

Transfer Taxes

        You will not be obligated to pay any transfer taxes, unless you instruct us to register new notes in the name of, or request that original notes not tendered or not accepted in the exchange offer be returned to, a person other than the registered tendering holder.

Accounting Treatment

        We will record the new notes at the same carrying values as the original notes, as reflected in our accounting records on the date of exchange. Accordingly, we will not recognize any gain or loss on the exchange of notes. We will amortize the expenses of the offer over the term of the new notes.

Consequences of Failure to Exchange Original Notes

        If you are eligible to participate in the exchange offer but do not tender your original notes, you will not have any further registration rights, except in limited circumstances with respect to specific types of holders of original notes. Original notes that are not tendered or are tendered but not accepted will, following the consummation of the exchange offer, continue to be subject to the provisions in the indenture regarding the transfer and exchange of the original notes and the existing restrictions on transfer set forth in the legend on the original notes and in the offering memorandum

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dated February 26, 2010, relating to the original notes. Accordingly, you may resell the original notes that are not exchanged only:

    to us;

    so long as the original notes are eligible for resale under Rule 144A under the Securities Act, to a person whom you reasonably believe is a "qualified institutional buyer" within the meaning of Rule 144A purchasing for its own account or for the account of a qualified institutional buyer in a transaction meeting the requirements of Rule 144A;

    in accordance with another exemption from the registration requirements of the Securities Act; or

    under an effective registration statement under the Securities Act;

in each case in accordance with all other applicable securities laws. We do not intend to register the original notes under the Securities Act.

        Original notes that are not exchanged in the exchange offer will remain outstanding and continue to accrue interest and will be entitled to the rights and benefits their holders have under the indenture relating to the original notes and the new notes. Holders of the new notes and any original notes that remain outstanding after consummation of the exchange offer will vote together as a single class for purposes of determining whether holders of the requisite percentage of the class have taken certain actions or exercised certain rights under the indenture.

Resales of New Notes

        Based on interpretations of the staff of the SEC, as set forth in no action letters to third parties, we believe that new notes issued under the exchange offer in exchange for original notes may be offered for resale, resold and otherwise transferred by any original note holder without further registration under the Securities Act and without delivery of a prospectus that satisfies the requirements of Section 10 of the Securities Act if:

    the holder is not our "affiliate" within the meaning of Rule 405 under the Securities Act;

    the new notes are acquired in the ordinary course of the holder's business; and

    the holder does not intend to participate in a distribution (within the meaning of the Securities Act) of the new notes.

        Any holder who exchanges original notes in the exchange offer with the intention of participating in any manner in a distribution of the new notes must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction.

        This prospectus may be used for an offer to resell, resale or other retransfer of new notes. With regard to broker dealers, only broker dealers that acquire the original notes as a result of market making activities or other trading activities may participate in the exchange offer. Each broker dealer that receives new notes for its own account in exchange for original notes, where the original notes were acquired by the broker dealer as a result of market making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of the new notes. Please see "Plan of Distribution" for more details regarding the transfer of new notes.

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SELECTED CONSOLIDATED FINANCIAL INFORMATION AND OTHER DATA

        The following selected consolidated financial information as of and for the fiscal years ended September 30, 2005, 2006, 2007, 2008 and 2009 has been derived from, and is qualified by reference to, our audited consolidated financial statements and related notes incorporated by reference in this prospectus. The following selected consolidated financial information as of and for the three months ended December 31, 2008 and 2009 has been derived from, and is qualified by reference to, our unaudited condensed consolidated financial statements and related notes incorporated by reference in this prospectus. This information is only a summary and you should read it in conjunction with our financial statements and related notes incorporated by reference in this prospectus. The unaudited interim period financial information, in our opinion, includes all adjustments, which are normal and recurring in nature, necessary for a fair presentation for the periods shown. Results for the three months ended December 31, 2009 are not necessarily indicative of the results to be expected for the full fiscal year.

        The following selected consolidated financial information reflects results from continuing operations only and therefore excludes the operations of BAI and Geesink, which have been reclassified to discontinued operations for all periods presented.

 
  Fiscal Year Ended September 30,   Three Months
Ended
December 31,
 
 
  2005(1)(2)   2006   2007(3)   2008   2009(4)   2008   2009  
 
  (Dollars in millions)
 

Income Statement Data:

                                           

Net sales

  $ 2,732.4   $ 3,182.2   $ 6,089.9   $ 6,877.7   $ 5,253.1   $ 1,328.7   $ 2,434.1  

Gross income

    466.4     570.9     1,081.7     1,170.0     703.3     149.6     479.2  

Depreciation

    19.3     24.7     54.3     72.8     75.1     19.2     18.4  

Amortization of purchased intangibles, deferred financing costs and stock-based compensation

    10.4     19.2     83.3     90.8     86.6     19.2     22.2  

Intangible assets impairment charges(5)

                1.0     1,190.2         23.3  

Operating income (loss)

    273.1     320.3     610.5     617.4     (979.5 )   25.6     325.7  

Income (loss) from continuing operations

    168.3     203.3     286.4     288.9     (1,167.0 )   (11.7 )   172.5  
 

Per share assuming dilution

    2.29     2.75     3.81     3.83     (15.33 )   (0.16 )   1.93  

Dividends per share:

                                           
 

Class A Common Stock(6)

    0.0750                          
 

Common Stock

    0.2213     0.3675     0.4000     0.4000     0.2000     0.1000      

Balance Sheet Data (at end of period):

                                           

Total assets

    1,718.3     2,110.9     6,399.8     6,081.5     4,768.0     5,987.0     5,109.2  

Net working capital

    178.8     121.4     646.9     689.2     484.6     649.5     530.5  

Long-term debt (including current maturities)

    3.1     2.9     3,022.0     2,757.7     2,024.3     2,642.8     1,855.2  

Other Financial Data:

                                           

Ratio of earnings to fixed charges(7)

    33.8x     40.1x     3.1x     2.9x     N/A (8)   N/A (9)   6.3x  

(1)
In fiscal 2005, we recorded cumulative life-to-date adjustments to increase the overall margin percentage on the Medium Tactical Vehicle Replacement base contract by 2.5 percentage points as

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    a result of contract modifications and favorable cost performance compared to previous estimates. This change in estimate, recorded as a cumulative life-to-date adjustment, increased operating income and income attributable to Oshkosh Corporation common shareholders from continuing operations by $24.7 million and $15.1 million in fiscal 2005, including $23.1 million and $14.2 million in fiscal 2005 relating to prior year revenues.

(2)
In fiscal 2006, we adopted the fair value recognition provisions of Statement of Financial Accounting Standards ("SFAS") No. 123 (revised 2004), "Share-Based Payment," requiring the Company to recognize expense related to the fair value of our stock-based compensation awards. Had SFAS No. 123(R) been in effect for the earliest period presented, results would have been as follows for fiscal 2005: operating income—$269.6 million; and income attributable to Oshkosh Corporation common shareholders from continuing operations—$164.3 million.

(3)
On December 6, 2006, we acquired all of the issued and outstanding capital stock of JLG for $3.1 billion in cash. Amounts include acquisition costs and are net of cash acquired. Fiscal 2007 results included sales of $2.5 billion and operating income of $268.4 million related to JLG following its acquisition.

(4)
On August 12, 2009, we completed a public equity offering of 14,950,000 shares of common stock, which included the exercise of the underwriters' over-allotment option for 1,950,000 shares of common stock, at a price of $25.00 per share. The net proceeds of the equity offering of approximately $358.1 million, along with cash flow from operations, allowed us to repay $731.6 million of debt in fiscal 2009.

(5)
In the second quarter of fiscal 2009 and the first quarter of fiscal 2010, we recorded in continuing operations non-cash, pre-tax charges totaling $1.2 billion and $23.3 million, respectively, to record impairment of goodwill and other long-lived assets.

(6)
In May 2005, a sufficient number of shareholders of unlisted Class A Common Stock converted their shares to New York Stock Exchange—listed Common Stock, on a share-for-share basis, which resulted in the remaining Class A shares automatically converting into shares of Common Stock on the same basis. As a result of this conversion to a single class of stock, shares of Common Stock that previously had limited voting rights now carry full voting rights.

(7)
For purposes of calculating the ratios of earnings to fixed charges, earnings consist of income (loss) from continuing operations before income taxes and before income or loss from equity investees, plus fixed charges and amortization of capitalized interest and distributed income of equity investees, less capitalized interest. Fixed charges consist of interest expensed, interest capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness and an estimate of interest within rental expense.

(8)
Due to our loss for the fiscal year ended September 30, 2009, our earnings were inadequate to cover fixed charges by $1,178.2 million. The deficiency was primarily a result of pre-tax, non-cash goodwill impairment charges of $1,161.1 million and $29.1 million of pre-tax, non-cash impairment charges on other long-lived assets recognized in fiscal 2009.

(9)
Due to our loss for the three months ended December 31, 2008, our earnings were inadequate to cover fixed charges by $14.0 million. The deficiency was primarily the result of an operating loss in the access equipment segment due to significantly lower sales volume coupled with unrecovered raw material cost increases and increased provisions for doubtful accounts.

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DESCRIPTION OF CERTAIN INDEBTEDNESS

        The following description briefly summarizes the material terms of our senior secured credit agreement. The description is only a brief summary and does not purport to describe all of the terms of the credit arrangements that may be important.

        The Company is a party to a syndicated senior secured credit agreement (as amended, the "Credit Agreement") with various financial institutions, which consists of a $550.0 million revolving credit facility ("Revolving Credit Facility") and a term loan facility ("Term Loan B").

        The outstanding balance under Term Loan B at December 31, 2009 of $1,852.6 million is due December 6, 2013. In January 2010, the Company prepaid $200.0 million of the outstanding balance of Term Loan B, and on March 3, 2010, the Company prepaid an additional $489.0 million of the outstanding balance of Term Loan B using the net proceeds of the issuance and sale of the original notes. At December 31, 2009, the Company had no borrowings outstanding under the Revolving Credit Facility, and outstanding letters of credit of $39.0 million reduced available capacity under the Revolving Credit Facility to $511.0 million. The Revolving Credit Facility expires in December 2011.

        Interest rates on borrowings under the Revolving Credit Facility and Term Loan B are variable and are equal to the "Base Rate" (which is equal to the higher of a bank's reference rate and the federal funds rate plus 0.5%, a bank's "Prime Rate" or the sum of 1.0% plus the "Off-Shore" rate that would be applicable for an interest period of one month beginning on such day) or the "Off-Shore" or "LIBOR Rate" (which is a bank's inter-bank offered rate for U.S. dollars in off-shore markets) plus a specified margin. The margin on the Revolving Credit Facility is subject to adjustment, up or down, based on whether certain financial criteria are met. At December 31, 2009, the interest rate spread on the Revolving Credit Facility Term Loan B was 600 basis points. The weighted-average interest rate on Term Loan B borrowings outstanding at December 31, 2009 was 6.27%.

        The Company is charged a 0.50% annual commitment fee with respect to any unused commitment under its Revolving Credit Facility and a 5.00% to 6.00% annual fee with respect to commercial letters of credit issued under the Revolving Credit Facility based on the Company's Leverage Ratio. For performance letters of credit, the annual fee is 50% of the annual fee applicable to commercial letters of credit.

        The Credit Agreement has a usage fee equal to an annualized rate of 50 basis points on the aggregate principal amount of all outstanding loans under the Credit Agreement for any day on which the Company has a corporate family rating from Moody's Investors Service of B3 with "negative" watch or lower or a corporate credit rating from Standard & Poor's Rating Services of B- with "negative" watch or lower.

        To manage a portion of the Company's exposure to changes in LIBOR-based interest rates on its variable-rate debt, the Company entered into an amortizing interest rate swap agreement on January 11, 2007 that effectively fixes the interest payments on a portion of the Company's variable-rate debt. The swap, which has a termination date of December 6, 2011, effectively fixes the LIBOR-based interest rate on the debt in the amount of the notional amount of the swap at 5.105% plus the applicable spread based on the terms of the Credit Agreement (11.105% at December 31, 2009). The notional amount of the swap at December 31, 2009 was $750 million and reduces to $250 million on December 6, 2010. Neither the Company nor the counterparty is required to collateralize its obligations under these swaps. The Company is exposed to loss if the counterparty defaults. However, the counterparty is a large Aa1 rated global financial institution as of the date of this prospectus and the Company believes that the risk of default is remote.

        The Company's obligations under the Credit Agreement are guaranteed by certain of its domestic subsidiaries, and the Company guarantees the obligations of certain of its subsidiaries under the Credit Agreement to the extent such subsidiaries borrow directly under the Credit Agreement. The Credit

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Agreement is also secured by a first-priority, perfected lien and security interests in all of the equity interests of the Company's active domestic subsidiaries, 65% of the equity interests of certain foreign subsidiaries of the Company and certain real property; subject to customary permitted lien exceptions, substantially all other personal property of the Company and certain subsidiaries; and all proceeds thereof.

        The Credit Agreement contains various restrictions and covenants, including restrictions on the ability of the Company and certain of its subsidiaries to, among other things, consolidate or merge, create liens, incur additional indebtedness and dispose of assets. The Credit Agreement also requires the Company to maintain the following financial ratios:

    Leverage Ratio: The ratio of Consolidated Indebtedness outstanding at quarter-end to Consolidated EBITDA for the most recently ended four fiscal quarters, as such terms are defined in the Credit Agreement. The Leverage Ratio is not permitted to be greater than the following:

Fiscal Quarters Ending
   
 

December 31, 2009

    7.00 to 1.0  

March 31, 2010

    6.75 to 1.0  

June 30, 2010 through June 30, 2011

    6.50 to 1.0  

September 30, 2011 through June 30, 2012

    5.50 to 1.0  

September 30, 2012 through June 30, 2013

    4.25 to 1.0  

Thereafter

    3.75 to 1.0  

      As of December 31, 2009, the Company was in compliance with the Leverage Ratio with a ratio of 2.52 to 1.0.

    Interest Coverage Ratio: The ratio of Consolidated EBITDA for the most recently ended four fiscal quarters to Cash Interest Expense for the most recently ended four fiscal quarters, as such terms are defined in the Credit Agreement. The Interest Coverage Ratio is not permitted to be less than the following:

Fiscal Quarters Ending
   
 

December 31, 2009

    1.49 to 1.0  

March 31, 2010

    1.52 to 1.0  

June 30, 2010 through December 31, 2010

    1.56 to 1.0  

March 31, 2011 and June 30, 2011

    1.70 to 1.0  

September 30, 2011 through June 30, 2012

    1.88 to 1.0  

September 30, 2012 through June 30, 2013

    2.48 to 1.0  

Thereafter

    2.47 to 1.0  

      As of December 31, 2009, the Company was in compliance with the Interest Coverage Ratio with a ratio of 3.71 to 1.0.

    Senior Secured Leverage Ratio: The ratio of outstanding Loans under the Credit Agreement at quarter-end to Consolidated EBITDA for the most recently ended four fiscal quarters, as such

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      terms are defined in the Credit Agreement. The Senior Secured Leverage Ratio is not permitted to be greater than the following:

Fiscal Quarters Ending
   
 

June 30, 2011

    5.00 to 1.0  

September 30, 2011 through June 30, 2012

    4.50 to 1.0  

September 30, 2012 through June 30, 2013

    3.25 to 1.0  

September 30, 2013

    3.00 to 1.0  

      The Senior Secured Leverage Ratio limitation is not applicable until June 30, 2011.

        The Credit Agreement limits the amount of dividends, stock repurchases and other types of distributions during any fiscal year in excess of certain limits based upon the Leverage Ratio as of the end of the fiscal quarter preceding the proposed distribution. When the Leverage Ratio as of the end of a fiscal quarter is greater than 4.0 to 1.0, then no such distribution may be made if, after giving effect to such distribution, the aggregate amount of all such payments made in such fiscal quarter would exceed the sum of $0.01 per outstanding share of the Company's Common Stock plus $250,000 or the aggregate amount of all such payments made in the applicable fiscal year would exceed $3.85 million. The Company suspended payment of dividends effective April 2009.

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DESCRIPTION OF NEW NOTES

        The original notes were issued under and are governed by an indenture, dated as of March 3, 2010 (the "Indenture"), among Oshkosh Corporation (the "Company"), each Guarantor and Wells Fargo Bank, National Association, as trustee (the "Trustee"). The new notes will also be issued under and governed by the Indenture. For purposes of this section of this prospectus, references to the "Company," "we," "us," "our" or similar terms shall mean Oshkosh Corporation, without its subsidiaries. The term "Notes" refers to the original notes and the new notes collectively.

        The statements in this section of this prospectus relating to the Indenture and the Notes are summaries and are not a complete description thereof, and where reference is made to particular provisions, such provisions, including the definitions of certain terms, are qualified in their entirety by reference to all of the provisions of the Indenture and the Notes and those terms made part of the Indenture by the Trust Indenture Act of 1939, as amended (the "Trust Indenture Act"). The definitions of certain capitalized terms used in the following summary are set forth below under "—Certain Definitions." Unless otherwise indicated, references in this section of this prospectus to Sections or Articles are references to sections and articles of the Indenture. The Indenture and the new notes have been filed as exhibits to the registration statement that includes this prospectus. See "Where You Can Find More Information."

General

        The Notes due 2017 will initially be limited to $250,000,000 in aggregate principal amount and the Notes due 2020 will initially be limited to $250,000,000 in aggregate principal amount. We may from time to time, without giving notice to or seeking the consent of the holders of either series of Notes, issue debt securities ("Additional Notes") having the same ranking and the same interest rate, maturity and other terms (except for the issue date, the public offering price and the first interest payment date) as and ranking equally and ratably with the Notes of the applicable series of Notes offered hereby. Any Additional Notes having such similar terms, together with the Notes of the applicable series, will constitute a single series of securities under the indenture.

Principal, Maturity and Interest

        The Notes due 2017 mature on March 1, 2017 and the Notes due 2020 mature on March 1, 2020. Interest on the Notes due 2017 will be payable at 8.250% per annum. Interest on the Notes due 2020 will be payable at 8.500% per annum. Interest on the Notes will be payable semiannually in cash in arrears on March 1 and September 1, commencing on September 1, 2010. The Company will make each interest payment to the Holders of record of the Notes on the immediately preceding February 15 and August 15. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the Issue Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

        Principal of and premium, if any, and interest on the Notes will be payable, and the Notes will be exchangeable and transferable, at the office or agency of the Company maintained for such purposes, which, initially, will be the corporate trust office of the Trustee located at Wells Fargo Bank, National Association, MAC N9311-110, 625 Marquette Avenue, Minneapolis, Minnesota 55479; provided, however, that payment of interest may be made at the option of the Company by check mailed to the Person entitled thereto as shown on the security register. The Notes will be issued only in fully registered form without coupons, in denominations of $1,000 and any integral multiple of $1,000 in excess thereof. No service charge will be made for any registration of transfer, exchange or redemption of Notes, except in certain circumstances for any tax or other governmental charge that may be imposed in connection therewith.

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Guarantees

        The Notes will be guaranteed, on a full, joint and several basis, by the Guarantors pursuant to a guarantee (the "Note Guarantees"). On the Issue Date, each of our Subsidiaries that guarantees our obligations under the Credit Agreement will be Guarantors. The Note Guarantees will be senior obligations of each Guarantor and will rank equally with all existing and future senior Debt of such Guarantor and senior to all subordinated Debt of such Guarantor. The Note Guarantees are effectively subordinated to any secured debt of such Guarantor to the extent of the assets securing such Debt. The Indenture provides that the obligations of a Guarantor under its Note Guarantee will be limited to the maximum amount as will result in the obligations of such Guarantor under the Note Guarantee not to be deemed to constitute a fraudulent conveyance or fraudulent transfer under federal or state law.

        As of the date of the Indenture, all of our Subsidiaries will be "Restricted Subsidiaries." However, under the circumstances described below under the subheading "—Certain Covenants—Limitation on Creation of Unrestricted Subsidiaries," any of our Subsidiaries may be designated as "Unrestricted Subsidiaries." Unrestricted Subsidiaries will not be subject to the restrictive covenants in the Indenture and will not guarantee the Notes. Claims of creditors of non-guarantor Subsidiaries, including trade creditors, secured creditors and creditors holding debt and guarantees issued by those Subsidiaries, and claims of preferred stockholders (if any) of those Subsidiaries, generally will have priority with respect to the assets and earnings of those Subsidiaries over the claims of creditors of the Company, including Holders of the Notes.

        The Indenture provides that (i) in the event of a sale or other transfer or disposition of all of the Capital Interests in any Guarantor to any Person that is not an Affiliate of the Company in compliance with the terms of the Indenture, (ii) in the event all or substantially all the assets or Capital Interests of a Guarantor are sold or otherwise transferred, by way of merger, consolidation or otherwise, to a Person that is not an Affiliate of the Company in compliance with the terms of the Indenture, or (iii) in the event that a Guarantor shall no longer guarantee (other than by virtue of its Note Guarantee) any Debt under the Credit Agreement or any other Debt for borrowed money of the Company or any of its Restricted Subsidiaries of at least $25.0 million, then such Guarantor shall be deemed automatically and unconditionally released and discharged of any obligations under its Note Guarantee in support thereof, as evidenced by a supplemental indenture executed by the Company, the Guarantors (other than such released Guarantor) and the Trustee, without any further action on the part of the Trustee or any Holder; provided that in the case of clauses (i) and (ii) above the Company delivers an Officers' Certificate to the Trustee certifying that the net cash proceeds of such sale or other disposition will be applied in accordance with the "Limitation on Asset Sales" covenant; and provided further, that in the case of clause (iii) above, in the event any such released Guarantor shall thereafter Guarantee any Debt of the Company or a Restricted Subsidiary under the Credit Agreement or any other Debt for borrowed money of the Company or any of its Restricted Subsidiaries of at least $25.0 million (or if any released Guarantee (the release of which is a permitted release under clause (iii) above) is reinstated or renewed), then such released Guarantor shall guarantee the Notes on the terms and conditions set forth in the Indenture, subject to future release in accordance with the foregoing provisions.

        Not all of our Subsidiaries will guarantee the Notes. The non-guarantor Subsidiaries represented approximately 5% of our total revenues for the twelve-month period ended December 31, 2009. In addition, these non-guarantor Subsidiaries represented approximately 17% of our total assets and did not have any outstanding debt as of December 31, 2009.

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Ranking

    Ranking of the Notes

        The Notes will be general unsecured obligations of the Company. As a result, the Notes will rank:

    equally in right of payment with all existing and future senior Debt of the Company;

    senior in right of payment to all existing and future Debt of the Company that is by its terms expressly subordinated to the Notes;

    effectively subordinated to secured Debt of the Company, including secured Debt under the Credit Agreement, to the extent of the assets securing such Debt; and

    structurally junior to any Debt or Obligations of any non-Guarantor Subsidiaries.

        As of December 31, 2009, after giving effect to the repayment of $200.0 million of the Company's term loan debt in January 2010 and after giving effect to the application of the net of proceeds of the issuance and sale of the original notes, the Company and its Subsidiaries would have had approximately $1.67 billion of total debt outstanding, all of which would have been senior debt, of which approximately $1.17 billion would have effectively ranked senior to the Notes to the extent of the assets securing such debt. In addition, the Company and its Subsidiaries would have had approximately $511.0 million of availability under our credit facilities governed by the Credit Agreement (excluding the letters of credit).

    Ranking of the Note Guarantees

        Each Note Guarantee will be a general unsecured obligation of each Guarantor. As such, each Note Guarantee will rank:

    equally in right of payment with all existing and future senior Debt of the Guarantors;

    senior in right of payment to all existing and future Debt of the Guarantors, if any, that is by its terms expressly subordinated to such Guarantor's Note Guarantee;

    effectively subordinated to all secured debt of such Guarantors, to the extent of the value of the Guarantors' assets securing such debt; and

    structurally junior to any Debt or Obligations of any non-Guarantor Subsidiaries of the Guarantors.

Sinking Fund

        There are no mandatory sinking fund payment obligations with respect to the Notes.

Optional Redemption

        The Notes due 2017 are subject to redemption, at the option of the Company, in whole or from time to time in part, at any time on or after March 1, 2014 upon not less than 30 nor more than 60 days' written notice at the Redemption Prices (expressed as percentages of the principal amount to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject to the right of Holders of record on the relevant regular record date to

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receive interest due on an interest payment date that is on or prior to the redemption date), if redeemed during the 12-month period beginning on March 1 of the years indicated below:

Year
  Redemption Price  

2014

    104.125 %

2015

    102.063 %

2016 and thereafter

    100.000 %

        In addition, prior to March 1, 2013, the Company may from time to time, with the net cash proceeds of one or more Qualified Equity Offerings, redeem up to 35% of the aggregate principal amount of the then outstanding Notes due 2017 (including Additional Notes) at a Redemption Price equal to 108.250% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the date of redemption (subject to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior to the redemption date); provided that at least 65% of the principal amount of the Notes due 2017 then outstanding (including Additional Notes) remains outstanding immediately after the occurrence of any such redemption (excluding Notes held by the Company or its Subsidiaries) and that any such redemption occurs within 90 days following the closing of any such Qualified Equity Offering.

        The Notes due 2020 are subject to redemption, at the option of the Company, in whole or from time to time in part, at any time on or after March 1, 2015 upon not less than 30 nor more than 60 days' written notice at the Redemption Prices (expressed as percentages of the principal amount to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior to the redemption date), if redeemed during the 12-month period beginning on March 1 of the years indicated below:

Year
  Redemption Price  

2015

    104.250 %

2016

    102.833 %

2017

    101.417 %

2018 and thereafter

    100.000 %

        In addition, prior to March 1, 2013, the Company may from time to time, with the net cash proceeds of one or more Qualified Equity Offerings, redeem up to 35% of the aggregate principal amount of the then outstanding Notes due 2020 (including Additional Notes) at a Redemption Price equal to 108.500% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the date of redemption (subject to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior to the redemption date); provided that at least 65% of the principal amount of the Notes due 2020 then outstanding (including Additional Notes) remains outstanding immediately after the occurrence of any such redemption (excluding Notes held by the Company or its Subsidiaries) and that any such redemption occurs within 90 days following the closing of any such Qualified Equity Offering.

        If less than all of the Notes of a series are to be redeemed, the Trustee will select the Notes or portions thereof to be redeemed by lot, pro rata or by any other method the Trustee shall deem fair and appropriate (subject to The Depository Trust Company procedures as applicable).

        No Notes of $2,000 or less shall be redeemed in part. Notices of redemption shall be mailed by first class mail (and, to the extent permitted by applicable procedures or regulations, electronically) at least 30 days before the redemption date to each Holder of Notes to be redeemed at its registered address. If any Note is to be redeemed in part only, the notice of redemption that relates to that Note shall state the portion of the principal amount thereof to be redeemed. If in definitive form, a new

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Note in principal amount equal to the unredeemed portion of the original Note will be issued in the name of the Holder thereof upon cancellation of the original Note. Notes called for redemption become due on the date fixed for redemption. On and after the redemption date, interest ceases to accrue on Notes or portions of them called for redemption.

        The Company may at any time, and from time to time, purchase Notes in the open market or otherwise, subject to compliance with applicable securities laws.

Change of Control

        Upon the occurrence of a Change of Control, unless the Company has exercised its right to redeem all of the Notes as described under "Optional Redemption," the Company will make an Offer to Purchase all of the outstanding Notes at a Purchase Price in cash equal to 101% of the principal amount tendered, together with accrued and unpaid interest, if any, to but not including the Purchase Date. For purposes of the foregoing, an Offer to Purchase shall be deemed to have been made if (i) within 60 days following the date of the consummation of a transaction or series of transactions that constitutes a Change of Control, the Company commences an Offer to Purchase for all outstanding Notes at the Purchase Price (provided that the running of such 60-day period shall be suspended, for up to a maximum of 30 days, during any period when the commencement of such Offer to Purchase is delayed or suspended by reason of any court's or governmental authority's review of or ruling on any materials being employed by the Company to effect such Offer to Purchase, so long as the Company has used and continues to use its commercially reasonable efforts to make and conclude such Offer to Purchase promptly) and (ii) all Notes properly tendered pursuant to the Offer to Purchase are purchased on the terms of such Offer to Purchase.

        The phrase "all or substantially all," as used in the definition of "Change of Control," has not been interpreted under New York law (which is the governing law of the Indenture) to represent a specific quantitative test. As a consequence, in the event the Holders of the Notes elected to exercise their rights under the Indenture and the Company elects to contest such election, there could be no assurance how a court interpreting New York law would interpret such phrase. As a result, it may be unclear as to whether a Change of Control has occurred and whether a Holder of Notes may require the Company to make an Offer to Purchase the Notes as described above.

        The provisions of the Indenture may not afford Holders protection in the event of a highly leveraged transaction, reorganization, restructuring, merger or similar transaction affecting the Company that may adversely affect Holders, if such transaction is not the type of transaction included within the definition of Change of Control. A transaction involving the management of the Company or its Affiliates, or a transaction involving a recapitalization of the Company, will result in a Change of Control only if it is the type of transaction specified in such definition. The definition of Change of Control may be amended or modified with the written consent of a majority in aggregate principal amount of outstanding Notes. See "—Amendment, Supplement and Waiver."

        The Company will be required to comply with the requirements of Rule 14e-1 under the Exchange Act and any other applicable securities laws or regulations in connection with any repurchase of the Notes as described above. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of the Indenture, the Company will comply with the applicable securities laws and regulations and will be deemed to have complied with its obligations under the Change of Control provisions of the Indenture by virtue of such compliance.

        The Company will not be required to make an Offer to Purchase upon a Change of Control if (i) a third party makes such Offer to Purchase contemporaneously with or upon a Change of Control in the manner, at the times and otherwise in compliance with the requirements of the Indenture and purchases all Notes validly tendered and not withdrawn under such Offer to Purchase or (ii) a notice of

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redemption has been given pursuant to the Indenture as described above under the caption "Optional Redemption".

        The Company's ability to pay cash to the Holders of Notes upon a Change of Control may be limited by the Company's then existing financial resources. Further, the agreements governing the Company's other Debt contain, and future agreements of the Company may contain, prohibitions of certain events, including events that would constitute a Change of Control. If the exercise by the Holders of Notes of their right to require the Company to repurchase the Notes upon a Change of Control occurred at the same time as a change of control event under one or more of either of the Company's other debt agreements, the Company's ability to pay cash to the Holders of Notes upon a repurchase may be further limited by the Company's then existing financial resources. See "Risk Factors—Risks Related to the Exchange Offer and the New Notes."

        Even if sufficient funds were otherwise available, the terms of Credit Facilities (and other Debt) may prohibit the Company's prepayment of Notes before their scheduled maturity. Consequently, if the Company is not able to prepay the Credit Facilities or other Debt containing such restrictions or obtain requisite consents, the Company will be unable to fulfill its repurchase obligations, resulting in a default under the Indenture.

        In addition, an Offer to Purchase may be made in advance of a Change of Control, conditional upon such Change of Control, if a definitive agreement is in place for the Change of Control at the time of launching the Offer to Purchase.

Certain Covenants

        Set forth below are certain covenants to be contained in the Indenture. During any period of time (a "Suspension Period") that: (i) the Notes have Investment Grade Ratings from both Rating Agencies and (ii) no Default or Event of Default has occurred and is continuing under the Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a "Covenant Suspension Event"), the Company and its Restricted Subsidiaries will not be subject to the following provisions of the Indenture (collectively, the "Suspended Covenants"), and during a Suspension Period, the Company may not designate any of its Subsidiaries as Unrestricted Subsidiaries unless the Company could have designated such Subsidiaries as Unrestricted Subsidiaries in compliance with the Indenture assuming the covenants set forth below had not been suspended:

    (a)
    "—Limitation on Incurrence of Debt;"

    (b)
    "—Limitation on Restricted Payments;"

    (c)
    "—Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries;"

    (d)
    "—Limitation on Asset Sales;"

    (e)
    "—Limitation on Transactions with Affiliates;" and

    (f)
    clause (iii) of the first paragraph of "—Consolidation, Merger, Conveyance, Transfer or Lease."

        In the event that the Company and its Restricted Subsidiaries are not subject to the Suspended Covenants with respect to the Notes for any Suspension Period and, subsequently, (x) either one or both Rating Agencies withdraws its rating or downgrades the rating assigned to the Notes below the required Investment Grade Rating or (y) the Company or any of its affiliates enters into an agreement to effect a transaction that would result in a Change of Control and either one or both Rating Agencies indicate that if consummated, such transaction (alone or together with any related recapitalization or refinancing transactions) would cause such Rating Agency to withdraw its Investment Grade Rating or downgrade the ratings assigned to the Notes below an Investment Grade Rating (such

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date of withdrawal or downgrade in clause (x) or (y), a "Reinstatement Date"), then the Company and its Restricted Subsidiaries will after the Reinstatement Date again be subject to the Suspended Covenants with respect to future events for the benefit of the Notes (unless and until a Suspension Event again exists).

        On the Reinstatement Date, all Debt incurred during a Suspension Period will be classified as having been Incurred or issued pursuant to the first paragraph of "—Limitation on Incurrence of Debt" below or, at the Company's option, one of the clauses set forth in the definition of "Permitted Debt" (to the extent such Debt would be permitted to be Incurred thereunder as of the Reinstatement Date and after giving effect to Debt Incurred prior to the Suspension Period and outstanding on the Reinstatement Date) and subject to the covenant described below under "—Limitation on Incurrence of Debt." To the extent such Debt would not be so permitted to be Incurred pursuant to the covenant described below under "—Limitation on Incurrence of Debt," such Debt will be deemed to have been outstanding on the Issue Date, so that it is classified as permitted under clause (iv) of the definition of Permitted Debt.

        Calculations made after the Reinstatement Date of the amount available to be made as Restricted Payments under the covenant described below under "—Limitation on Restricted Payments" will be made as though such covenant had been in effect from the Issue Date and throughout the Suspension Period. Accordingly, Restricted Payments made during the Suspension Period will reduce the amount available to be made as Restricted Payments under the first paragraph of the covenant described below under "—Restricted Payments" to the extent provided therein.

        Notwithstanding that the Suspended Covenants may be reinstated, no Default or Event of Default will be deemed to have occurred as a result of a failure to comply with the Suspended Covenants during a Suspension Period (or on the Reinstatement Date or after a Suspension Period based solely on events that occurred during the Suspension Period).

        The Company will provide prompt written notice to the Trustee of any Covenant Suspension Event and any Reinstatement Date.

        There can be no assurance that the Notes will ever achieve or maintain an Investment Grade Rating.

    Limitation on Incurrence of Debt

        The Company will not, and will not permit any of its Restricted Subsidiaries to, Incur any Debt (including Acquired Debt); provided, that the Company and any of its Restricted Subsidiaries may Incur Debt (including Acquired Debt) if, immediately after giving effect to the Incurrence of such Debt and the receipt and application of the proceeds therefrom, (a) the Consolidated Fixed Charge Coverage Ratio of the Company and its Restricted Subsidiaries, determined on a pro forma basis as if any such Debt (including any other Debt being Incurred contemporaneously, other than Debt Incurred under the revolving portion of a Credit Facility), and any other Debt Incurred since the beginning of the Four Quarter Period (other than Debt Incurred under the revolving portion of a Credit Facility), had been Incurred and the proceeds thereof had been applied at the beginning of the Four Quarter Period, and any other Debt repaid (other than Debt Incurred under the revolving portion of a Credit Facility) since the beginning of the Four Quarter Period had been repaid at the beginning of the Four Quarter Period, would be greater than 2.00 to 1.00 and (b) no Default or Event of Default shall have occurred and be continuing at the time or as a consequence of the Incurrence of such Debt.

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        If, during the Four Quarter Period or subsequent thereto and prior to the date of determination, the Company or any of its Restricted Subsidiaries shall have engaged in any Asset Sale or Asset Acquisition, Investment, merger, consolidation, discontinued operation (as determined in accordance with GAAP) or shall have designated any Restricted Subsidiary to be an Unrestricted Subsidiary or any Unrestricted Subsidiary to be a Restricted Subsidiary, Consolidated Cash Flow Available for Fixed Charges and Consolidated Interest Expense for the Four Quarter Period shall be calculated on a pro forma basis giving effect to such Asset Sale or Asset Acquisition, Investment, merger, consolidation, discontinued operation or designation, as the case may be, and the application of any proceeds therefrom as if such Asset Sale or Asset Acquisition, Investment, merger, consolidation, discontinued operation or designation had occurred on the first day of the Four Quarter Period.

        If the Debt which is the subject of a determination under this provision is Acquired Debt, or Debt Incurred in connection with the substantially contemporaneous acquisition of any Person, business, property or assets, or Debt of an Unrestricted Subsidiary being designated as a Restricted Subsidiary, then such ratio shall be determined by giving effect (on a pro forma basis, as if the transaction had occurred at the beginning of the Four Quarter Period) to (x) the Incurrence of such Acquired Debt or such other Debt by the Company or any of its Restricted Subsidiaries and (y) the inclusion, in Consolidated Cash Flow Available for Fixed Charges, of the Consolidated Cash Flow Available for Fixed Charges of the acquired Person, business, property or assets or redesignated Subsidiary.

        Notwithstanding the first paragraph above, the Company and its Restricted Subsidiaries may Incur Permitted Debt.

        For purposes of determining any particular amount of Debt under this "Limitation on Incurrence of Debt" covenant, Guarantees or obligations with respect to letters of credit supporting Debt otherwise included in the determination of such particular amount shall not be included. For purposes of determining compliance with this "Limitation on Incurrence of Debt" covenant, in the event that an item of Debt meets the criteria of more than one of the types of Debt described above, including categories of Permitted Debt and under part (a) in the first paragraph of this "Limitation on Incurrence of Debt" covenant, the Company, in its sole discretion, shall classify, and from time to time may reclassify, all or any portion of such item of Debt. For purposes of determining compliance of any non-U.S. dollar-denominated Debt with this covenant, the U.S. dollar-equivalent principal amount of Debt denominated in a foreign currency shall at all times be calculated based on the relevant currency exchange rate in effect on the date such Debt was Incurred, in the case of term Debt, or first committed, in the case of revolving credit Debt, provided, however, that if such Debt is Incurred to refinance other Debt denominated in the same or different currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Debt does not exceed the principal amount of such indebtedness being refinanced.

        The accrual of interest, the accretion or amortization of original issue discount and the payment of interest on Debt in the form of additional Debt or payment of dividends on Capital Interests in the forms of additional shares of Capital Interests with the same terms will not be deemed to be an Incurrence of Debt for purposes of this covenant.

        The Company and any Guarantor will not Incur any Debt that pursuant to its terms is subordinate or junior in right of payment to any Debt unless such Debt is subordinated in right of payment to the Notes and the Note Guarantees to the same extent; provided that Debt will not be considered subordinate or junior in right of payment to any other Debt solely by virtue of being unsecured or secured to a greater or lesser extent or with greater or lower priority or by virtue of structural subordination.

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    Limitation on Restricted Payments

        The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, make any Restricted Payment unless, at the time of and after giving effect to the proposed Restricted Payment:

        (a)   no Default or Event of Default shall have occurred and be continuing or will result as a consequence thereof;

        (b)   after giving effect to such Restricted Payment on a pro forma basis, the Company would be permitted to Incur at least $1.00 of additional Debt (other than Permitted Debt) pursuant to the provisions described in the first paragraph under the "Limitation on Incurrence of Debt" covenant; and

        (c)   after giving effect to such Restricted Payment on a pro forma basis, the aggregate amount expended or declared for all Restricted Payments made on or after the Issue Date (excluding Restricted Payments permitted by clauses (ii) through (vii) of the next succeeding paragraph) shall not exceed the sum (without duplication) of:

            (1)   50% of the Consolidated Net Income (or, if Consolidated Net Income shall be a deficit, minus 100% of such deficit) of the Company accrued on a cumulative basis during the period (taken as one accounting period) from the beginning of the first full fiscal quarter during which the Issue Date occurs and ending on the last day of the fiscal quarter immediately preceding the date of such proposed Restricted Payment, plus

            (2)   100% of the aggregate net proceeds (including the Fair Market Value of property other than cash) received by the Company subsequent to the initial issuance of the Notes either (i) as a contribution to its common equity capital or (ii) from the issuance and sale (other than to a Subsidiary) of its Qualified Capital Interests, including Qualified Capital Interests issued upon the conversion of Debt or Redeemable Capital Interests of the Company, and from the exercise of options, warrants or other rights to purchase such Qualified Capital Interests (other than, in each case, Capital Interests or Debt sold to a Subsidiary of the Company), plus

            (3)   to the extent that any Unrestricted Subsidiary of the Company designated as such on and after the Issue Date is redesignated as a Restricted Subsidiary, the lesser of (i) the Fair Market Value of the Company's Investment in such Subsidiary as of the date of such redesignation or (ii) such Fair Market Value as of the date on which such Subsidiary was originally designated as an Unrestricted Subsidiary, plus

            (4)   50% of any dividends or interest payments received by the Company or a Restricted Subsidiary on and after the Issue Date from an Unrestricted Subsidiary, to the extent such dividends or interest payments were not otherwise included in the calculation of Consolidated Net Income of the Company for such period.

        Notwithstanding whether the foregoing provisions would prohibit the Company and its Restricted Subsidiaries from making a Restricted Payment, the Company and its Restricted Subsidiaries may make the following Restricted Payments:

          (i)  the payment of any dividend on Capital Interests in the Company or a Restricted Subsidiary within 60 days after declaration thereof if at the declaration date such payment was permitted by the foregoing provisions of this covenant;

         (ii)  the purchase, repurchase, redemption, defeasance or other acquisition or retirement of any Qualified Capital Interests of the Company by conversion into, or by or in exchange for, Qualified Capital Interests, or out of net cash proceeds of the substantially concurrent sale (other than to a Subsidiary of the Company) of other Qualified Capital Interests of the Company;

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        (iii)  the redemption, defeasance, repurchase or acquisition or retirement for value of any Debt of the Company or a Guarantor that is subordinate in right of payment to the Notes or the applicable Note Guarantee out of the net cash proceeds of a substantially concurrent issue and sale (other than to a Subsidiary of the Company) of (x) new subordinated Debt of the Company or such Guarantor, as the case may be, Incurred in accordance with the Indenture or (y) Qualified Capital Interests of the Company;

        (iv)  the purchase, redemption, retirement or other acquisition for value of Capital Interests in the Company held by employees or former employees of the Company or any Restricted Subsidiary (or their estates or beneficiaries under their estates) upon death, disability, retirement or termination of employment or alteration of employment status or pursuant to the terms of any agreement under which such Capital Interests were issued; provided that the aggregate cash consideration paid for such purchase, redemption, retirement or other acquisition of such Capital Interests does not exceed $15.0 million in any calendar year, provided, further, that any unused amounts in any calendar year may be carried forward to one or more future periods subject to a maximum aggregate amount of repurchases made pursuant to this clause (iv) not to exceed $20.0 million in any calendar year; provided, however, that such amount in any calendar year may be increased by an amount not to exceed (A) the cash proceeds received by the Company or any of its Restricted Subsidiaries from the sale of Qualified Capital Interests of the Company or any direct or indirect parent company of the Company (to the extent contributed to the Company) to employees of the Company and its Restricted Subsidiaries that occurs after the Issue Date; provided, however, that the amount of such cash proceeds utilized for any such repurchase, retirement, other acquisition or dividend will not increase the amount available for Restricted Payments under clause (c) of the first paragraph of this covenant; plus (B) the cash proceeds of key man life insurance policies received by the Company and its Restricted Subsidiaries after the Issue Date (provided, however, that the Company may elect to apply all or any portion of the aggregate increase contemplated by the proviso of this clause (iv) in any calendar year and, to the extent any payment described under this clause (iv) is made by delivery of Debt and not in cash, such payment shall be deemed to occur only when, and to the extent, the obligor on such Debt makes payments with respect to such Debt);

         (v)  repurchase of Capital Interests deemed to occur upon the exercise of stock options, warrants or other convertible or exchangeable securities;

        (vi)  cash payment, in lieu of issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for the Capital Interests of the Company or a Restricted Subsidiary;

       (vii)  the declaration and payment of dividends to holders of any class or series of Redeemable Capital Interests of the Company or any Restricted Subsidiary issued or Incurred in compliance with the covenant described above under "—Limitation on Incurrence of Debt" to the extent such dividends are included in the definition of Consolidated Fixed Charges;

      (viii)  to the extent no Default in any payment in respect of principal or interest under the Notes or the Credit Agreement or Event of Default has occurred and is continuing or will occur as a consequence thereof, upon the occurrence of a Change of Control or an Asset Sale, the defeasance, redemption, repurchase or other acquisition of any subordinated Debt pursuant to provisions substantially similar to those described under "—Change of Control" and "—Limitation on Asset Sales" at a Purchase Price not greater than 101% of the principal amount thereof (in the case of a Change of Control) or at a percentage of the principal amount thereof not higher than the principal amount applicable to the Notes (in the case of an Asset Sale), plus any accrued and unpaid interest thereon; provided that prior to or contemporaneously with such defeasance, redemption, repurchase or other acquisition, the Company has made an Offer to Purchase with respect to the Notes and has repurchased all Notes validly tendered for payment and not withdrawn in connection therewith;

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        (ix)  to the extent no Default in any payment in respect of principal or interest under the Notes or the Credit Agreement or Event of Default has occurred and is continuing or will result as a consequence thereof, the payment of dividends on the Company's common stock and the purchase, repurchase, redemption, defeasance or other acquisition or retirement of any Qualified Capital Interests of the Company in an aggregate amount not to exceed $75.0 million in any calendar year; and

         (x)  to the extent no Default in any payment in respect of principal or interest under the Notes or the Credit Agreement or Event of Default has occurred and is continuing or will occur as a consequence thereof, other Restricted Payments not in excess of $75.0 million in the aggregate.

        If the Company makes a Restricted Payment which, at the time of the making of such Restricted Payment, in the good faith determination of the Company, would be permitted under the requirements of the Indenture, such Restricted Payment shall be deemed to have been made in compliance with the Indenture notwithstanding any subsequent adjustment made in good faith to the Company's financial statements affecting Consolidated Net Income.

        For purposes of this covenant, if a particular Restricted Payment involves a non-cash payment, including a distribution of assets, then such Restricted Payment shall be deemed to be an amount equal to the cash portion of such Restricted Payment, if any, plus an amount equal to the Fair Market Value of the non-cash portion of such Restricted Payment.

    Limitation on Liens

        The Company will not, and will not permit any of its Restricted Subsidiaries, directly or indirectly, to enter into, create, incur, assume or suffer to exist any Liens of any kind (other than Permitted Liens) on or with respect to any of its property or assets now owned or hereafter acquired or any of its interest therein or any income or profits therefrom, which Liens secure Debt, without securing the Notes and all other amounts due under the Indenture equally and ratably with (or prior to) the Debt secured by such Lien until such time as such Debt is no longer secured by such Lien; provided that if the Debt so secured is subordinated by its terms to the Notes or a Note Guarantee, the Lien securing such Debt will also be so subordinated by its terms to the Notes and the Guarantees at least to the same extent.

    Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries

        The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to the Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Interests owned by the Company or any Restricted Subsidiary or pay any Debt or other obligation owed to the Company or any Restricted Subsidiary, (ii) make loans or advances to the Company or any Restricted Subsidiary thereof or (iii) transfer any of its property or assets to the Company or any Restricted Subsidiary.

        However, the preceding restrictions will not apply to the following encumbrances or restrictions (including those existing under or by reason of):

        (a)   any encumbrance or restriction in existence on the Issue Date, including those required by the Credit Agreement or by any other agreement or documents entered into in connection with the Credit Agreement and any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements, or refinancings, of any of the foregoing agreements or documents, provided that the amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings, in the good faith judgment of the Company, are no more restrictive in

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any material respect, taken as a whole, with respect to such dividend or other payment restrictions than those contained in these agreements on the Issue Date or refinancings thereof;

        (b)   any encumbrance or restriction existing at the time of the acquisition of property, so long as the encumbrances or restrictions relate solely to the property so acquired (and are not or were not created in anticipation of or in connection with the acquisition thereof);

        (c)   any encumbrance or restriction which exists with respect to a Person that becomes a Restricted Subsidiary or merges with or into a Restricted Subsidiary of the Company on or after the Issue Date, which is in existence at the time such Person becomes a Restricted Subsidiary or merges with or into a Restricted Subsidiary, but not created in connection with or in anticipation of such Person becoming a Restricted Subsidiary or merging with or into a Restricted Subsidiary, and which is not applicable to any Person or the property or assets of any Person other than such Person or the property or assets of such Person becoming a Restricted Subsidiary;

        (d)   any encumbrance or restriction pursuant to an agreement effecting a permitted renewal, refunding, replacement, refinancing or extension of Debt issued pursuant to an agreement containing any encumbrance or restriction referred to in the foregoing clauses (a) through (c), so long as such encumbrances and restrictions contained in any such refinancing agreement are no less favorable in any material respect to the Holders than the encumbrances and restrictions contained in the agreements governing the Debt being renewed, refunded, replaced, refinanced or extended in the good faith judgment of the Company;

        (e)   customary provisions restricting subletting or assignment of any lease, contract, or license of the Company or any Restricted Subsidiary or provisions in agreements that restrict the assignment of such agreement or any rights thereunder;

        (f)    any encumbrance or restriction by reason of applicable law, rule, regulation or order;

        (g)   any encumbrance or restriction under the Indenture, the Notes and the Note Guarantees;

        (h)   any encumbrance or restriction in connection with the sale of assets or Capital Interest, including, without limitation, any agreement for the sale or other disposition of a Subsidiary that restricts distributions by that Subsidiary pending its sale or other disposition;

        (i)    restrictions on cash and other deposits or net worth imposed by direct or indirect customers or suppliers under contracts entered into the ordinary course of business;

        (j)    encumbrances or restrictions that are customary provisions with respect to the disposition or distribution of assets or property in joint venture agreements, asset sale agreements, stock sale agreements, sale leaseback agreements and other similar agreements;

        (k)   encumbrances and restrictions under any instrument governing Debt or Capital Interests of a Person acquired by the Company or any of the Restricted Subsidiaries as in effect at the time of such acquisition (except to the extent such Debt or Capital Interests were incurred or issued in connection with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired, provided that, in the case of Debt, such Debt was permitted by the terms of the Indenture to be Incurred;

        (l)    encumbrances and restrictions arising in respect of purchase money obligations (including Capital Lease Obligations) for property acquired in the ordinary course of business to the extent such restrictions and encumbrances apply to the property so acquired (and proceeds thereof) and are of the nature described in clause (iii) of the first paragraph of this covenant;

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        (m)  Liens securing Debt or other obligations otherwise permitted to be Incurred under the Indenture, including pursuant to the provisions of the covenant described above under "—Limitation on Liens" that limit the right of the debtor to dispose of the assets subject to such Liens;

        (n)   encumbrances or restrictions relating to any Non-Recourse Receivable Subsidiary Indebtedness or other contractual requirements of a Receivable Subsidiary that is a Restricted Subsidiary in connection with a Qualified Receivables Transaction; provided that such restrictions apply only to such Receivable Subsidiary or the accounts receivable and other financial assets described in the definition of Qualified Receivables Transaction which are subject to such Qualified Receivables Transaction; and

        (o)   any other agreement governing Debt entered into after the Issue Date that contains encumbrances and restrictions that are not materially more restrictive with respect to any Restricted Subsidiary than those in effect on the Issue Date with respect to that Restricted Subsidiary pursuant to agreements in effect on the Issue Date.

        Nothing contained in this "Limitation on Dividends and Other Payments Affecting Restricted Subsidiaries" covenant shall prevent the Company or any Restricted Subsidiary from (i) creating, incurring, assuming or suffering to exist any Liens otherwise permitted under the "Limitation on Liens" covenant or (ii) restricting the sale or other disposition of property or assets of the Company or any of its Restricted Subsidiaries that secure Debt of the Company or any of its Restricted Subsidiaries Incurred in accordance with the "Limitation on Incurrence of Debt" and "Limitation on Liens" covenants in the Indenture.

    Limitation on Asset Sales

        The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

        (1)   the Company (or the Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale at least equal to the Fair Market Value of the assets or Capital Interests issued or sold or otherwise disposed of; and

        (2)   at least 75% of the consideration received in the Asset Sale by the Company or such Restricted Subsidiary is in the form of cash or Eligible Cash Equivalents. For purposes of this provision, each of the following will be deemed to be cash:

            (a)   any liabilities, as shown on the most recent consolidated balance sheet of the Company or any Restricted Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Note Guarantee) that are assumed by the transferee of any such assets pursuant to a customary assignment and assumption agreement that releases the Company or such Restricted Subsidiary from further liability with respect thereto;

            (b)   any securities, notes or other obligations received by the Company or any such Restricted Subsidiary from such transferee that are converted by the Company or such Restricted Subsidiary into cash within 450 days of their receipt to the extent of the cash received in that conversion; and

            (c)   any Designated Non-cash Consideration received by the Company or any such Restricted Subsidiary in such Asset Sale having an aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (c) that is at that time outstanding, not to exceed the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries at the time of the receipt of such Designated Non-cash Consideration, with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in value.

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        Within 360 days after the receipt of any Net Cash Proceeds from an Asset Sale, the Company (or the applicable Restricted Subsidiary, as the case may be) may apply such Net Cash Proceeds at its option:

          (i)  to permanently repay Debt under the Credit Facilities and, if the Obligation repaid is revolving credit Debt, to correspondingly reduce commitments with respect thereto;

         (ii)  to acquire all or substantially all of the assets of, or any Capital Interests of, another Permitted Business, if, after giving effect to any such acquisition of Capital Interests, the Permitted Business is or becomes a Restricted Subsidiary of the Company;

        (iii)  to make capital expenditures in or that are used or useful in a Permitted Business or to make expenditures for maintenance, repair or improvement of existing properties and assets in accordance with the provisions of the Indenture;

        (iv)  to acquire other assets (other than inventory) that are used or useful in a Permitted Business;

         (v)  to repay or repurchase Debt secured by the assets of the Company or any Restricted Subsidiaries; or

        (vi)  any combination of the foregoing.

        Any Net Cash Proceeds from Asset Sales that are not applied or invested as provided in the preceding paragraph of this covenant will constitute "Excess Proceeds." When the aggregate amount of Excess Proceeds exceeds $100.0 million, the Company will, within 30 days, make an Offer to Purchase to all Holders of Notes (on a pro rata basis among each series of Notes), and to all holders of other Debt ranking pari passu with the Notes containing provisions similar to those set forth in the Indenture with respect to assets sales, equal to the Excess Proceeds. The offer price in any Offer to Purchase will be equal to 100% of the principal amount plus accrued and unpaid interest to the date of purchase, and will be payable in cash. If any Excess Proceeds remain after consummation of an Offer to Purchase, the Company may use those funds for any purpose not otherwise prohibited by the Indenture and they will no longer constitute Excess Proceeds. If the aggregate principal amount of Notes and other pari passu Debt tendered into such Offer to Purchase exceeds the amount of Excess Proceeds, the Trustee will select the Notes to be purchased on a pro rata basis among each series of Notes. Upon completion of each Offer to Purchase, the amount of Excess Proceeds will be reset at zero.

        The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other applicable securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Offer to Purchase. To the extent that the provisions of any securities laws or regulations conflict with the Asset Sale provisions of the Indenture, the Company will comply with the applicable securities laws and regulations and will be deemed to have complied with its obligations under the Asset Sale provisions of the Indenture by virtue of such compliance.

    Limitation on Transactions with Affiliates

        The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction or series of related transactions, contract, agreement, loan, advance or guarantee with, or for the benefit of, any Affiliate of the Company (each of the foregoing, an "Affiliate Transaction") involving with

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respect to each such Affiliate Transaction or series of related Affiliate Transactions aggregate consideration in excess of $10.0 million, unless:

          (i)  such Affiliate Transaction is on terms that are not materially less favorable to the Company or the relevant Subsidiary than those that could reasonably have been obtained in a comparable arm's-length transaction by the Company or such Subsidiary with an unaffiliated party;

         (ii)  with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $25.0 million, the Company delivers to the Trustee a resolution adopted in good faith by the majority of the Board of Directors of the Company approving such Affiliate Transaction and set forth in an Officers' Certificate certifying that such Affiliate Transaction complies with clause (i) above; and

        (iii)  with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $50.0 million, the Company must obtain and deliver to the Trustee a written opinion of a nationally recognized investment banking, accounting or appraisal firm stating that the transaction is fair to the Company or such Restricted Subsidiary, as the case may be, from a financial point of view.

        The foregoing limitations do not limit, and shall not apply to:

        (1)   Restricted Payments that are permitted by the provisions of the Indenture described above under "—Limitation on Restricted Payments;"

        (2)   the payment of reasonable and customary compensation and indemnities and other benefits to members of the Board of Directors of the Company or a Restricted Subsidiary who are outside directors;

        (3)   the payment of reasonable and customary compensation and other benefits (including retirement, health, option, deferred compensation and other benefit plans) and indemnities to officers and employees of the Company or any Restricted Subsidiary as determined by the Board of Directors thereof in good faith;

        (4)   transactions between or among the Company and/or its Restricted Subsidiaries and transactions between or among the Company or any Restricted Subsidiary, on the one hand, and any Leasing Subsidiary, on the other hand, (including the contribution of overhead costs) in the ordinary course of business and consistent with past practice or constituting undertakings customary in lease securitization transactions for the benefit of any Leasing Subsidiary;

        (5)   any agreement or arrangement as in effect on the Issue Date and any amendment or modification thereto so long as such amendment or modification is not more disadvantageous in any material respect to the Holders of the Notes;

        (6)   any contribution of capital to the Company;

        (7)   transactions permitted by, and complying with, the provisions of the Indenture described below under "—Consolidation, Merger, Conveyance, Transfer or Lease";

        (8)   any transaction with a joint venture, partnership, limited liability company or other entity that constitutes an Affiliate solely because the Company or a Restricted Subsidiary owns an equity interest in such joint venture, partnership, limited liability company or other entity;

        (9)   transactions with customers, clients, suppliers or purchasers or sellers of goods or services, in each case, in the ordinary course of business and on terms that are not materially less favorable to the Company or such Restricted Subsidiary, as the case may be, as determined in good faith by the Company, than those that could be obtained in a comparable arm's-length transaction with a Person that is not an Affiliate of the Company;

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        (10) transactions effected as part of a Qualified Receivables Transaction; and

        (11) sales or leases of goods to joint ventures and Affiliates (but excluding any officers or directors) in the ordinary course of business for less than fair market value but not for less than cost.

    Limitation on Sale and Leaseback Transactions

        The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Leaseback Transaction unless:

          (i)  the consideration received in such Sale and Leaseback Transaction is at least equal to the Fair Market Value of the property sold, as confirmed by an Officers' Certificate,

         (ii)  prior to and after giving effect to the Attributable Debt in respect of such Sale and Leaseback Transaction, the Company and such Restricted Subsidiary comply with the "Limitation on Incurrence of Debt" covenant contained herein, and

        (iii)  at or after such time the Company and such Restricted Subsidiary also comply with the "Limitation on Asset Sales" covenant contained herein.

    Provision of Financial Information

        Whether or not required by the Commission, so long as any Notes are outstanding, the Company will furnish to the Trustee and to the Holders of Notes, or file electronically with the Commission through the Commission's Electronic Data Gathering, Analysis and Retrieval System (or any successor system), within the time periods specified in the Commission's rules and regulations:

        (1)   all quarterly and annual financial information that would be required to be contained in a filing with the Commission on Forms 10-Q and 10-K if the Company were required to file such Forms, including a "Management's Discussion and Analysis of Financial Condition and Results of Operations" and, with respect to the annual information only, a report on the annual financial statements by the Company's certified independent accountants; and

        (2)   all current reports that would be required to be filed with the Commission on Form 8-K if the Company were required to file such reports.

        In addition, whether or not required by the Commission, the Company will file a copy of all of the information and reports referred to in clauses (1) and (2) above with the Commission for public availability within the time periods specified in the Commission's rules and regulations (unless the Commission will not accept such a filing) and make such information available to prospective investors. In addition, the Company and the Subsidiary Guarantors have agreed that, for so long as any Notes remain outstanding, they will furnish to the Holders and to prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.

        If the Company has designated any of its Subsidiaries as Unrestricted Subsidiaries, then the quarterly and annual financial information required by the preceding paragraph shall include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, and in "Management's Discussion and Analysis of Financial Condition and Results of Operations," of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries of the Company.

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    Additional Note Guarantees

        On the Issue Date, each of the Guarantors will guarantee the Notes in the manner and on the terms set forth in the Indenture.

        If the Company or any of its Restricted Subsidiaries acquires or creates another Subsidiary after the Issue Date and such Subsidiary Guarantees or Incurs any Debt under the Credit Agreement or any other Debt for borrowed money of the Company or any of its Restricted Subsidiaries of at least $25.0 million, then that newly acquired or created Subsidiary shall become a Guarantor by execution of a supplemental indenture within 60 days of the date on which it Guaranteed or Incurred such other Debt; provided, that no Unrestricted Subsidiary or Restricted Subsidiary that is a Foreign Restricted Subsidiary shall be required to become a Guarantor unless it provides a Guarantee of Debt under the Credit Agreement or any other Debt for borrowed money of the Company or any of its Restricted Subsidiaries of at least $25.0 million that is Incurred by the Company or a Restricted Subsidiary that is not a Foreign Restricted Subsidiary.

        Each Note Guarantee by a Restricted Subsidiary will be limited to an amount not to exceed the maximum amount that can be guaranteed by that Restricted Subsidiary without rendering the Guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.

    Limitation on Creation of Unrestricted Subsidiaries

        The Company may designate any Subsidiary of the Company to be an "Unrestricted Subsidiary" as provided below, in which event such Subsidiary and each other Person that is then or thereafter becomes a Subsidiary of such Subsidiary will be deemed to be an Unrestricted Subsidiary.

        "Unrestricted Subsidiary" means:

        (1)   any Subsidiary designated as such by an Officers' Certificate as set forth below where neither the Company nor any of its Restricted Subsidiaries (i) provides credit support for, or Guarantee of, any Debt of such Subsidiary or any Subsidiary of such Subsidiary (including any undertaking, agreement or instrument evidencing such Debt, but excluding in the case of a Receivable Subsidiary any Standard Securitization Undertakings and further excluding other Debt under which the lender has recourse to the Company or any Restricted Subsidiary or to any of their assets that does not exceed $15.0 million in the aggregate) or (ii) is directly or indirectly liable for any Debt of such Subsidiary or any Subsidiary of such Subsidiary (except in the case of a Receivable Subsidiary any Standard Securitization Undertakings); and

        (2)   any Subsidiary of an Unrestricted Subsidiary.

        The Company may designate any Subsidiary to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Interests of, or owns or holds any Lien on any property of, any other Restricted Subsidiary of the Company, provided that either:

        (x)   the Subsidiary to be so designated has total assets of $5,000 or less; or

        (y)   the Company could make a Restricted Payment at the time of designation in an amount equal to the greater of the Fair Market Value or book value of such Subsidiary pursuant to the "—Limitation on Restricted Payments" covenant and such amount is thereafter treated as a Restricted Payment for the purpose of calculating the amount available for Restricted Payments thereunder.

        An Unrestricted Subsidiary may be designated as a Restricted Subsidiary if (i) all the Debt of such Unrestricted Subsidiary could be Incurred under the "—Limitation on Incurrence of Debt" covenant and (ii) all the Liens on the property and assets of such Unrestricted Subsidiary could be incurred pursuant to the "—Limitation on Liens" covenant.

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    Consolidation, Merger, Conveyance, Transfer or Lease

        The Company will not in any transaction or series of related transactions, consolidate with or merge into any other Person (other than a merger of a Restricted Subsidiary into the Company in which the Company is the continuing Person), or sell, assign (excluding any assignment solely as collateral for security purposes under a Credit Facility, but not any outright assignment upon the foreclosure on any such collateral), convey, transfer, lease or otherwise dispose of all or substantially all of the assets of the Company and its Restricted Subsidiaries (determined on a consolidated basis), taken as a whole, to any other Person, unless:

          (i)  either: (a) the Company shall be the continuing Person or (b) the Person (if other than the Company) formed by such consolidation or into which the Company is merged, or the Person that acquires, by sale, assignment, conveyance, transfer, lease or other disposition, all or substantially all of the property and assets of the Company and its Restricted Subsidiaries (such Person, the "Surviving Entity"), (1) shall be a corporation, partnership, limited liability company or similar entity organized and validly existing under the laws of the United States, any political subdivision thereof or any state thereof or the District of Columbia and (2) shall expressly assume, by a supplemental indenture, the due and punctual payment of all amounts due in respect of the principal of (and premium, if any) and interest on all the Notes and the performance of the covenants and obligations of the Company under the Indenture; provided that at any time the Company or its successor is not a corporation, there shall be a co-issuer of the Notes that is a corporation;

         (ii)  immediately after giving effect to such transaction or series of transactions on a pro forma basis (including, without limitation, any Debt Incurred or anticipated to be Incurred in connection with or in respect of such transaction or series of transactions), no Default or Event of Default shall have occurred and be continuing;

        (iii)  immediately after giving effect to any such transaction or series of transactions on a pro forma basis (including, without limitation, any Debt Incurred or anticipated to be Incurred in connection with or in respect of such transaction or series of transactions) as if such transaction or series of transactions had occurred on the first day of the determination period, (a) the Company (or the Surviving Entity if the Company is not continuing) could Incur $1.00 of additional Debt (other than Permitted Debt) under the provisions described in the first paragraph of "—Limitation on Incurrence of Debt", and (b) the Consolidated Fixed Charge Coverage Ratio for the Company (or the Surviving Entity if the Company is not continuing) and its Restricted Subsidiaries for the most recent Four Quarter Period shall not be not less than such Consolidated Fixed Charge Coverage Ratio immediately prior to such transaction (or the first such transaction if there are a series of transactions); and

        (iv)  the Company delivers, or causes to be delivered, to the Trustee, in form satisfactory to the Trustee, an Officers' Certificate and an opinion of counsel, each stating that such consolidation, merger, sale, conveyance, assignment, transfer, lease or other disposition complies with the requirements of the Indenture.

        Notwithstanding the foregoing, failure to satisfy the requirements of the preceding clauses (ii) and (iii) will not prohibit:

        (a)   a merger between the Company and a Restricted Subsidiary that is a wholly owned Subsidiary of the Company or the sale, assignment, conveyance, transfer, lease or other disposition of all or substantially all of the assets of the Company to a Restricted Subsidiary that is a wholly owned Subsidiary of the Company; or

        (b)   a merger between the Company and an Affiliate incorporated solely for the purpose of converting the Company into a corporation organized under the laws of the United States or any political subdivision or state thereof; so long as, in each case, the amount of Debt of the Company and its Restricted Subsidiaries is not increased thereby.

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        For all purposes of the Indenture and the Notes, Subsidiaries of any Surviving Entity will, upon such transaction or series of transactions, become Restricted Subsidiaries or Unrestricted Subsidiaries as provided pursuant to the Indenture and all Debt, and all Liens on property or assets, of the Surviving Entity and its Subsidiaries that was not Debt, or were not Liens on property or assets, of the Company and its Subsidiaries immediately prior to such transaction or series of transactions shall be deemed to have been incurred upon such transaction or series of transactions.

        Upon any transaction or series of transactions that are of the type described in, and are effected in accordance with, conditions described in the immediately preceding paragraphs, the Surviving Entity shall succeed to, and be substituted for, and may exercise every right and power of, the Company, under the Indenture with the same effect as if such Surviving Entity had been named as the Company therein; and when a Surviving Person duly assumes all of the obligations and covenants of the Company pursuant to the Indenture and the Notes, except in the case of a lease, the predecessor Person shall be relieved of all such obligations.

    Payments for Consent

        The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any consideration to or for the benefit of any Holder of Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of the Indenture or the Notes unless such consideration is offered to be paid to all Holders of the Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement.

    Limitation on Business Activities

        The Company will not, and will not permit any Restricted Subsidiary to, engage in any business other than a Permitted Business, except to the extent as would not be material to the Company and its Restricted Subsidiaries, taken as a whole.

Events of Default

        Each of the following is an "Event of Default" under the Indenture:

        (1)   default in the payment in respect of the principal of (or premium, if any, on) any Note when due and payable (whether at Stated Maturity or upon repurchase, acceleration, optional redemption or otherwise);

        (2)   default in the payment of any interest upon any Note when it becomes due and payable, and continuance of such default for a period of 30 days;

        (3)   failure to perform or comply with the Indenture provisions described under "—Provision of Financial Information" and continuance of such failure to perform or comply for a period of 120 days after written notice thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes;

        (4)   except as permitted by or in accordance with the terms of the Indenture, any Note Guarantee shall for any reason cease to be, or it shall be asserted by any Guarantor or the Company not to be, in full force and effect and enforceable in accordance with its terms;

        (5)   default in the performance, or breach, of any covenant or agreement of the Company or any Guarantor in the Indenture (other than a covenant or agreement, a default in whose performance or whose breach is specifically dealt with in clauses (1), (2), (3) or (4) above), and continuance of such default or breach for a period of 60 days after written notice thereof has been given to the Company

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by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes;

        (6)   a default or defaults under any bonds, debentures, notes or other evidences of Debt (other than the Notes) by the Company or any Restricted Subsidiary having, individually or in the aggregate, a principal or similar amount outstanding of at least the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries, whether such Debt now exists or shall hereafter be created, which default or defaults shall have resulted in the acceleration of the maturity of such Debt prior to its express maturity or (except in the case of any Debt owing to the Company by any Restricted Subsidiary or any Debt of any Restricted Subsidiary owing to the Company or another Restricted Subsidiary) shall constitute a failure to pay an amount of such Debt equal to at least the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries when due and payable after the expiration of any applicable grace period with respect thereto;

        (7)   the entry against the Company or any Restricted Subsidiary of a final judgment or final judgments for the payment of money in an aggregate amount in excess of the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries (net of amounts covered by insurance for which the issuer thereof has been notified of such claim and has not challenged such coverage), by a court or courts of competent jurisdiction, which judgments remain undischarged, unwaived, unstayed, unbonded or unsatisfied for a period of 60 consecutive days; or

        (8)   certain events in bankruptcy, insolvency or reorganization affecting the Company or any Significant Subsidiary (or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary).

        If an Event of Default (other than an Event of Default specified in clause (8) above with respect to the Company) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the principal of the Notes and any accrued interest on the Notes to be due and payable immediately by a notice in writing to the Company (and to the Trustee if given by Holders); provided, however, that after such acceleration, but before a judgment or decree based on acceleration, the Holders of a majority in aggregate principal amount of the outstanding Notes may, under certain circumstances, rescind and annul such acceleration if all Events of Default, other than the nonpayment of accelerated principal of or interest on the Notes, have been cured or waived as provided in the Indenture.

        In the event of a declaration of acceleration of the Notes solely because an Event of Default described in clause (6) above has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically rescinded and annulled if the event of default or payment default triggering such Event of Default pursuant to clause (6) shall be remedied or cured by the Company or a Restricted Subsidiary of the Company or waived by the holders of the relevant Debt within 20 business days after the declaration of acceleration with respect thereto and if the rescission and annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction obtained by the Trustee for the payment of amounts due on the Notes.

        If an Event of Default specified in clause (8) above occurs with respect to the Company, the principal of and any accrued interest on the Notes then outstanding shall ipso facto become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. For further information as to waiver of defaults, see "—Amendment, Supplement and Waiver." The Trustee may withhold from Holders notice of any Default (except Default in payment of principal of, premium, if any, and interest) if the Trustee determines that withholding notice is in the interests of the Holders to do so.

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        No Holder of any Note will have any right to institute any proceeding with respect to the Indenture or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice of a continuing Event of Default and unless also the Holders of at least 25% in aggregate principal amount of the outstanding Notes shall have made written request to the Trustee, and provided indemnity satisfactory to the Trustee, to institute such proceeding as Trustee, and the Trustee shall not have received from the Holders of a majority in aggregate principal amount of the outstanding Notes a direction inconsistent with such request and shall have failed to institute such proceeding within 60 days. Such limitations do not apply, however, to a suit instituted by a Holder of a Note directly (as opposed to through the Trustee) for enforcement of payment of the principal of (and premium, if any) or interest on such Note on or after the respective due dates expressed in such Note.

        The Company will be required to furnish to the Trustee annually a statement as to the performance of certain obligations under the Indenture and as to any default in such performance. The Company also is required to promptly notify the Trustee in writing if it becomes aware of the occurrence of any Default or Event of Default.

Amendment, Supplement and Waiver

        Without the consent of any Holders, the Company, the Guarantors and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Indenture and the Guarantees for any of the following purposes:

        (1)   to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company in the Indenture, the Guarantees and the Notes;

        (2)   to add to the covenants of the Company for the benefit of the Holders, or to surrender any right or power herein conferred upon the Company;

        (3)   to add additional Events of Default;

        (4)   to provide for Global Notes in addition to or in place of the definitive Notes;

        (5)   to evidence and provide for the acceptance of appointment under the Indenture by a successor Trustee;

        (6)   to provide for or confirm the issuance of Additional Notes in accordance with the terms of the Indenture;

        (7)   to add a Guarantor or to release a Guarantor in accordance with the Indenture;

        (8)   to cure any ambiguity, defect, omission, mistake or inconsistency;

        (9)   to make any other provisions with respect to matters or questions arising under the Indenture, provided that such actions pursuant to this clause (9) shall not adversely affect the interests of the Holders in any material respect, as determined in good faith by the Board of Directors of the Company;

        (10) to conform the text of the Indenture or the Notes to any provision of this "Description of New Notes" to the extent that the Trustee has received an Officers' Certificate stating that such text constitutes an unintended conflict with the description of the corresponding provision in this "Description of New Notes"; or

        (11) to effect or maintain the qualification of the Indenture under the Trust Indenture Act.

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        With the consent of the Holders of not less than a majority in aggregate principal amount of the outstanding Notes, the Company, the Guarantors and the Trustee may enter into an indenture or indentures supplemental to the Indenture for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or the Notes or of modifying in any manner the rights of the Holders of the Notes under the Indenture, including the definitions therein; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each outstanding Note affected thereby:

        (1)   change the Stated Maturity of any Note or of any installment of interest on any Note, or reduce the amount payable in respect of the principal thereof or the rate of interest thereon or any premium payable thereon, or reduce the amount that would be due and payable on acceleration of the maturity thereof, or change the place of payment where, or the coin or currency in which, any Note or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof, or change the date on which any Notes may be subject to redemption or reduce the Redemption Price therefor,

        (2)   reduce the percentage in aggregate principal amount of the outstanding Notes, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of the Indenture or certain defaults thereunder and their consequences) provided for in the Indenture,

        (3)   modify the obligations of the Company to make Offers to Purchase upon a Change of Control or from the Excess Proceeds of Asset Sales if such modification was done after the occurrence of such Change of Control or such Asset Sale,

        (4)   modify or change any provision of the Indenture affecting the ranking of the Notes or any Note Guarantee in a manner adverse to the Holders of the Notes,

        (5)   modify any of the provisions of this paragraph or provisions relating to waiver of defaults or certain covenants, except to increase any such percentage required for such actions or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each outstanding Note affected thereby, or

        (6)   release any Guarantees required to be maintained under the Indenture (other than in accordance with the terms of the Indenture).

        The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may on behalf of the Holders of all the Notes waive any past default under the Indenture and its consequences, except a default:

        (1)   in any payment in respect of the principal of (or premium, if any) or interest on any Notes (including any Note which is required to have been purchased pursuant to an Offer to Purchase which has been made by the Company), or

        (2)   in respect of a covenant or provision hereof which under the Indenture cannot be modified or amended without the consent of the Holder of each outstanding Note affected.

Satisfaction and Discharge of the Indenture; Defeasance

        The Company and the Guarantors may terminate the obligations under the Indenture when:

        (1)   either: (A) all Notes theretofore authenticated and delivered have been delivered to the Trustee for cancellation, or (B) all such Notes not theretofore delivered to the Trustee for cancellation (i) have become due and payable or (ii) will become due and payable within one year or are to be called for redemption within one year (a "Discharge") under irrevocable arrangements satisfactory to the Trustee and/or U.S. government obligations, in accordance with the Indenture, for the giving of

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notice of redemption by the Trustee in the name, and at the expense, of the Company, and the Company has irrevocably deposited or caused to be deposited with the Trustee funds in an amount sufficient to pay and discharge the entire indebtedness on the Notes, not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest to the Stated Maturity or date of redemption;

        (2)   the Company has paid or caused to be paid all other sums then due and payable under the Indenture by the Company;

        (3)   the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Company or any Guarantor is a party or by which the Company or any Guarantor is bound;

        (4)   the Company has delivered irrevocable instructions to the Trustee under the Indenture to apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as the case may be; and

        (5)   the Company has delivered to the Trustee an Officers' Certificate and an opinion of counsel reasonably acceptable to the Trustee, each stating that all conditions precedent under the Indenture relating to the Discharge have been complied with.

        The Company may elect, at its option, to have its obligations discharged with respect to the outstanding Notes ("defeasance"). Such defeasance means that the Company will be deemed to have paid and discharged the entire indebtedness represented by the outstanding Notes, except for:

        (1)   the rights of Holders of such Notes to receive payments in respect of the principal of and any premium and interest on such Notes when payments are due,

        (2)   the Company's obligations with respect to such Notes concerning issuing temporary Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment and money for security payments held in trust,

        (3)   the rights, powers, trusts, duties and immunities of the Trustee,

        (4)   the Company's right of optional redemption, and

        (5)   the defeasance provisions of the Indenture.

        In addition, the Company may elect, at its option, to have its obligations released with respect to certain covenants, including, without limitation, their obligation to make Offers to Purchase in connection with Asset Sales and any Change of Control, in the Indenture ("covenant defeasance") and any omission to comply with such obligation shall not constitute a Default or an Event of Default with respect to the Notes. In the event covenant defeasance occurs, certain events (not including non-payment, bankruptcy and insolvency events) described under "Events of Default" will no longer constitute an Event of Default with respect to the Notes.

        In order to exercise either defeasance or covenant defeasance with respect to outstanding Notes:

        (1)   the Company must irrevocably have deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to the benefits of the Holders of such Notes: (A) money in an amount, or (B) U.S. government obligations, which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than the due date of any payment, money in an amount or (C) a combination thereof, in each case sufficient without reinvestment, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee to pay and discharge, the entire indebtedness in respect of the principal of and premium, if

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any, and interest on such Notes on the Stated Maturity thereof or (if the Company has made irrevocable arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name and at the expense of the Company) the redemption date thereof, as the case may be, in accordance with the terms of the Indenture and such Notes;

        (2)   in the case of defeasance, the Company shall have delivered to the Trustee an opinion of counsel stating that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of the Indenture, there has been a change in the applicable United States federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Notes will not recognize gain or loss for United States federal income tax purposes as a result of the deposit, defeasance and discharge to be effected with respect to such Notes and will be subject to United States federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit, defeasance and discharge were not to occur;

        (3)   in the case of covenant defeasance, the Company shall have delivered to the Trustee an opinion of counsel to the effect that the Holders of such outstanding Notes will not recognize gain or loss for United States federal income tax purposes as a result of the deposit and covenant defeasance to be effected with respect to such Notes and will be subject to federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and covenant defeasance were not to occur;

        (4)   no Default or Event of Default with respect to the outstanding Notes shall have occurred and be continuing at the time of such deposit after giving effect thereto (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit and the grant of any Lien to secure such borrowing);

        (5)   such defeasance or covenant defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all Notes are in default within the meaning of such Act);

        (6)   such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default under, any material agreement or material instrument (other than the Indenture) to which the Company is a party or by which the Company is bound; and

        (7)   the Company shall have delivered to the Trustee an Officers' Certificate and an opinion of counsel, each stating that all conditions precedent with respect to such defeasance or covenant defeasance have been complied with.

        In the event of a defeasance or a Discharge, a Holder whose taxable year straddles the deposit of funds and the distribution in redemption to such Holder would be subject to tax on any gain (whether characterized as capital gain or market discount) in the year of deposit rather than in the year of receipt. In connection with a Discharge, in the event the Company becomes insolvent within the applicable preference period after the date of deposit, monies held for the payment of the Notes may be part of the bankruptcy estate of the Company, disbursement of such monies may be subject to the automatic stay of the bankruptcy code and monies disbursed to Holders may be subject to disgorgement in favor of the Company's estate. Similar results may apply upon the insolvency of the Company during the applicable preference period following the deposit of monies in connection with defeasance.

        Notwithstanding the foregoing, the opinion of counsel required by clause (2) above with respect to a defeasance need not to be delivered if all Notes not therefore delivered to the Trustee for cancellation (x) have become due and payable, or (y) will become due and payable at Stated Maturity within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company.

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The Trustee

        Wells Fargo Bank, National Association, the Trustee under the Indenture, will be the initial paying agent and registrar for the Notes. The Trustee from time to time may extend credit to the Company in the normal course of business. Except during the continuance of an Event of Default, the Trustee will perform only such duties as are specifically set forth in the Indenture. During the continuance of an Event of Default that has not been cured or waived, the Trustee will exercise such of the rights and powers vested in it by the Indenture and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs.

        The Indenture and the Trust Indenture Act contain certain limitations on the rights of the Trustee, should it become a creditor of the Company, to obtain payment of claims in certain cases or to realize on certain property received in respect of any such claim as security or otherwise. The Trustee will be permitted to engage in other transactions; however, if it acquires any "conflicting interest" (as defined in the Trust Indenture Act) it must eliminate such conflict within 90 days, apply to the Commission for permission to continue or resign.

        The Holders of a majority in principal amount of the outstanding Notes will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee, subject to certain exceptions. The Indenture provides that in case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by the Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs. Subject to such provisions, the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by the Indenture at the request or direction of any of the Holders pursuant to the Indenture, unless such Holders shall have provided to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.

        No recourse may, to the full extent permitted by applicable law, be taken, directly or indirectly, with respect to the obligations of the Company or the Guarantors on the Notes or under the Indenture or any related documents, any certificate or other writing delivered in connection therewith, against (i) the Trustee in its individual capacity, or (ii) any partner, owner, beneficiary, agent, officer, director, employee, agent, successor or assign of the Trustee, each in its individual capacity, or (iii) any holder of equity in the Trustee.

No Personal Liability of Stockholders, Partners, Officers or Directors

        No director, officer, employee, stockholder, general or limited partner or incorporator, past, present or future, of the Company or any of its Subsidiaries, as such or in such capacity, shall have any personal liability for any obligations of the Company under the Notes, any Note Guarantee or the Indenture by reason of his, her or its status as such director, officer, employee, stockholder, general or limited partner or incorporator. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes.

Governing Law

        The Indenture and the Notes are governed by, and will be construed in accordance with, the laws of the State of New York, without regard to conflicts of laws principles thereof.

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Certain Definitions

        Set forth below is a summary of certain of the defined terms used in the Indenture. Reference is made to the Indenture for the full definition of all such terms, as well as any capitalized term used herein for which no definition is provided.

        "Acquired Debt" means Debt (1) of a Person (including an Unrestricted Subsidiary) existing at the time such Person becomes a Restricted Subsidiary or (2) assumed in connection with the acquisition of assets from such Person. Acquired Debt shall be deemed to have been Incurred, with respect to clause (1) of the preceding sentence, on the date such Person becomes a Restricted Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such acquisition of assets.

        "Affiliate" of any Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such Person. For the purposes of this definition, "control" when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms "controlling" and "controlled" have meanings that correspond to the foregoing. For purposes of the "Limitation on Transactions with Affiliates" covenant, any Person directly or indirectly owning 15% or more of the outstanding Capital Interests of the Company will be deemed an Affiliate.

        "Asset Acquisition" means:

        (a)   an Investment by the Company or any Restricted Subsidiary in any other Person pursuant to which such Person shall become a Restricted Subsidiary, or shall be merged with or into the Company or any Restricted Subsidiary; or

        (b)   the acquisition by the Company or any Restricted Subsidiary of the assets of any Person which constitute all or substantially all of the assets of such Person, any division or line of business of such Person or any other properties or assets of such Person other than in the ordinary course of business and consistent with past practices.

        "Asset Sale" means any transfer, conveyance, sale, lease or other disposition (including, without limitation, dispositions pursuant to any consolidation or merger) by the Company or any of its Restricted Subsidiaries to any Person (other than to the Company or one or more of its Restricted Subsidiaries) in any single transaction or series of transactions of:

          (i)  Capital Interests in another Person (other than directors' qualifying shares or shares or interests required to be held by foreign nationals pursuant to local law); or

         (ii)  any other property or assets (other than in the normal course of business, including any sale or other disposition of obsolete or permanently retired equipment);

provided, however, that the term "Asset Sale" shall exclude:

        (a)   any asset disposition permitted by the provisions described under "Consolidation, Merger, Conveyance, Transfer or Lease" that constitutes a disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole;

        (b)   any transfer, conveyance, sale, lease or other disposition of property or assets, the gross proceeds of which (exclusive of indemnities) do not exceed in any one or related series of transactions $10.0 million;

        (c)   sales or other dispositions of cash or Eligible Cash Equivalents;

        (d)   sales of interests in Unrestricted Subsidiaries;

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        (e)   the sale and leaseback of any assets within 90 days of the acquisition thereof;

        (f)    the disposition of assets that, in the good faith judgment of the Company, are no longer used or useful in the business of the applicable entity;

        (g)   a Restricted Payment that is otherwise permitted by the Indenture;

        (h)   any trade-in of equipment in exchange for other equipment; provided that in the good faith judgment of the Company, the Company or such Restricted Subsidiary receives equipment having a Fair Market Value equal to or greater than the equipment being traded in;

        (i)    the concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets between the Company or any of its Restricted Subsidiaries and another person to the extent that the Related Business Assets received by the Company or its Restricted Subsidiaries are of equivalent or better market value than the Related Business Assets transferred;

        (j)    the creation of a Lien (but not the sale or other disposition of the property subject to such Lien);

        (k)   leases or subleases in the ordinary course of business to third persons not interfering in any material respect with the business of the Company or any of its Restricted Subsidiaries and otherwise in accordance with the provisions of the Indenture;

        (l)    any disposition by a Subsidiary to the Company or by the Company or a Subsidiary to a Restricted Subsidiary;

        (m)  dispositions of accounts receivable in connection with the collection or compromise thereof in the ordinary course of business and consistent with past practice;

        (n)   licensing or sublicensing of intellectual property or other general intangibles in accordance with industry practice in the ordinary course of business;

        (o)   any transfer, conveyance, sale or other disposition of property or assets consisting of auction rate securities;

        (p)   any transfer of accounts receivable or other financial assets, or a fractional undivided interest therein, by a Receivable Subsidiary in a Qualified Receivables Transaction;

        (q)   any sales of accounts receivable or other financial assets, directly or indirectly, to a Receivable Subsidiary pursuant to a Qualified Receivables Transaction for the Fair Market Value thereof (including the issuance of equity by and/or an increase in the value of the equity of such Receivable Subsidiary); including cash or other financial accommodation, such as the provision of letters of credit by such Receivable Subsidiary on behalf of or for the benefit of the transferor of such accounts receivable or other financial assets, in an amount at least equal to 75% of the Fair Market Value thereof (for the purposes of this clause (q), Purchase Money Notes will be deemed to be cash);

        (r)   foreclosures on assets to the extent it would not otherwise result in a Default or Event of Default; or

        (s)   transfers of Leasing Assets to or by a Leasing Subsidiary solely in connection with a Leasing Transaction in the ordinary course of business and consistent with past practice.

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        For purposes of this definition, any series of related transactions that, if effected as a single transaction, would constitute an Asset Sale, shall be deemed to be a single Asset Sale effected when the last such transaction which is a part thereof is effected.

        "Attributable Debt" in respect of a Sale and Leaseback Transaction means, at the time of determination, the present value (discounted at the rate of interest implicit in such transaction) of the total obligations of the lessee for rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction (including any period for which such lease has been or may be extended).

        "Average Life" means, as of any date of determination, with respect to any Debt, the quotient obtained by dividing (i) the sum of the products of (x) the number of years from the date of determination to the dates of each successive scheduled principal payment (including any sinking fund or mandatory redemption payment requirements) of such Debt multiplied by (y) the amount of such principal payment by (ii) the sum of all such principal payments.

        "Board of Directors" means (i) with respect to the Company or any Restricted Subsidiary, its board of directors or any duly authorized committee thereof; (ii) with respect to a corporation, the board of directors of such corporation or any duly authorized committee thereof; and (iii) with respect to any other entity, the board of directors or similar body of the general partner or managers of such entity or any duly authorized committee thereof.

        "Capital Interests" in any Person means any and all shares, interests (including Preferred Interests), participations or other equivalents in the equity interest (however designated) in such Person and any rights (other than Debt securities convertible into an equity interest), warrants or options to acquire an equity interest in such Person.

        "Capital Lease Obligations" means any obligation of a Person under a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP; and the amount of Debt represented by such obligation shall be the capitalized amount of such obligations determined in accordance with GAAP; and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a penalty.

        "Change of Control" means:

        (1)   the Company becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) the acquisition by any "person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), that is or becomes the ultimate "beneficial owner" (as such term is used in Rules 13d-3 and 13d-5 under the Exchange Act, except that for purposes of this clause (1) such person or group shall be deemed to have "beneficial ownership" of all shares that any such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the Voting Interests in the Company,

        (2)   during any period of two consecutive years, individuals who at the beginning of such period constituted the Board of Directors of the Company (together with any new directors whose election by the Board of Directors or whose nomination for election by the equityholders of the Company was approved by a vote of a majority of the directors of the Company then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Company's Board of Directors then in office or

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        (3)   the Company sells, conveys, transfers or leases (either in one transaction or a series of related transactions) all or substantially all of its assets to, or merges or consolidates with, a Person other than a Restricted Subsidiary of the Company.

        "Code" means the Internal Revenue Code of 1986, as amended from time to time and the regulations promulgated thereunder.

        "Common Interests" of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to Capital Interests of any other class in such Person.

        "Company" means Oshkosh Corporation and any successor thereto.

        "Consolidated Cash Flow Available for Fixed Charges" means, with respect to any Person for any period:

          (i)  the sum of, without duplication, the amounts for such period, taken as a single accounting period, of:

            (a)   Consolidated Net Income;

            (b)   Consolidated Non-cash Charges;

            (c)   Consolidated Interest Expense to the extent the same was deducted in computing Consolidated Net Income;

            (d)   Consolidated Income Tax Expense;

            (e)   any net loss from discontinued operations; and

            (f)    any costs or expenses incurred by the Company or a Restricted Subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement, any stock subscription or shareholder agreement, to the extent that such costs or expenses are funded with cash proceeds contributed to the capital of the Company or net cash proceeds of an issuance of Capital Interests of the Company (other than Redeemable Capital Interests); less

        (ii)(x) net income from discontinued operations and (y) the amount of extraordinary, non-recurring or unusual gains.

        "Consolidated Fixed Charge Coverage Ratio" means, with respect to any Person, the ratio of the aggregate amount of Consolidated Cash Flow Available for Fixed Charges of such Person for the four full fiscal quarters, treated as one period, for which financial information in respect thereof is available immediately preceding the date of the transaction (the "Transaction Date") giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio (such four full fiscal quarter period being referred to herein as the "Four Quarter Period") to the aggregate amount of Consolidated Fixed Charges of such Person for the Four Quarter Period. In addition to and without limitation of the foregoing, for purposes of this definition, "Consolidated Cash Flow Available for Fixed Charges" and "Consolidated Fixed Charges" shall be calculated after giving effect (i) to the cost of any compensation, remuneration or other benefit paid or provided to any employee, consultant, Affiliate or equity owner of the entity involved in any Asset Acquisition to the extent such costs are eliminated or reduced (or public announcement has been made of the intent to eliminate or reduce such costs) prior to the date of such calculation and not replaced; and (ii) on a pro forma basis for the period of such calculation, to any Asset Sales or other dispositions or Asset Acquisitions, investments, mergers, consolidations and discontinued operations (as determined in accordance with GAAP) occurring during the Four Quarter Period or any time subsequent to the last day of the Four Quarter Period and on or

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prior to the Transaction Date, as if such Asset Sale or other disposition or Asset Acquisition (including the Incurrence or assumption of any such Acquired Debt), investment, merger, consolidation or disposed operation occurred on the first day of the Four Quarter Period. For purposes of this definition, pro forma calculations shall be made in accordance with Article 11 of Regulation S-X promulgated under the Securities Act.

        Furthermore, in calculating "Consolidated Fixed Charges" for purposes of determining the denominator (but not the numerator) of this "Consolidated Fixed Charge Coverage Ratio":

          (i)  interest on outstanding Debt determined on a fluctuating basis as of the Transaction Date and which will continue to be so determined thereafter shall be deemed to have accrued at a fixed rate per annum equal to the rate of interest on such Debt in effect on the Transaction Date; and

         (ii)  if interest on any Debt actually Incurred on the Transaction Date may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rates, then the interest rate in effect on the Transaction Date will be deemed to have been in effect during the Four Quarter Period.

        If such Person or any of its Restricted Subsidiaries directly or indirectly Guarantees Debt of a third Person (excluding credit support for third party customer financing in the ordinary course of business) and such Guarantee or the Debt subject thereto is not otherwise included in the calculation of Consolidated Fixed Charges, the calculation of the Consolidated Fixed Charge Coverage Ratio shall give effect to the Incurrence of such Guaranteed Debt as if such Person or such Subsidiary had directly Incurred or otherwise assumed such Guaranteed Debt as if such Guarantee occurred on the first day of the Four Quarter Period.

        "Consolidated Fixed Charges" means, with respect to any Person for any period, the sum of, without duplication, the amounts for such period of:

          (i)  Consolidated Interest Expense; and

         (ii)  the product of (a) all dividends and other distributions paid or accrued during such period in respect of Redeemable Capital Interests of such Person and its Restricted Subsidiaries (other than dividends paid in Qualified Capital Interests), times (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of such Person, expressed as a decimal.

        "Consolidated Income Tax Expense" means, with respect to any Person for any period, (x) if such Person is not a corporation, the Permitted Tax Payments of such Person for such period, or (y) if such Person is a corporation, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP paid or accrued during such period, including any penalties and interest related to such taxes or arising from any tax examinations, to the extent the same were deducted in computing Consolidated Net Income.

        "Consolidated Interest Expense" means, with respect to any Person for any period, without duplication, the sum of:

          (i)  the total interest expense of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP, including, without limitation or duplication:

            (a)   any amortization of debt discount;

            (b)   the net cost under any Hedging Obligation or Swap Contract in respect of interest rate protection (including any amortization of discounts);

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            (c)   the interest portion of any deferred payment obligation;

            (d)   all commissions, discounts and other fees and charges owed with respect to financing activities or similar activities; and

            (e)   all accrued interest;

         (ii)  the interest component of Capital Lease Obligations paid, accrued and/or scheduled to be paid or accrued by such Person and its Restricted Subsidiaries during such period determined on a consolidated basis in accordance with GAAP; and

        (iii)  all capitalized interest of such Person and its Restricted Subsidiaries for such period; less interest income of such Person and its Restricted Subsidiaries for such period; provided, however, that Consolidated Interest Expense will exclude (I) the amortization or write-off of debt issuance costs and deferred financing fees, commissions, fees and expenses and (II) any expensing of interim loan commitment and other financing fees.

        "Consolidated Net Income" means, with respect to any Person, for any period, the consolidated net income (or loss) of such Person and its Restricted Subsidiaries for such period as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income, by:

        (A)  excluding, without duplication

              (i)  all extraordinary gains or losses (net of fees and expenses relating to the transaction giving rise thereto), income, expenses or charges;

             (ii)  the portion of net income of such Person and its Restricted Subsidiaries allocable to minority or non-controlling interests in unconsolidated Persons or Investments in Unrestricted Subsidiaries to the extent that cash dividends or distributions have not actually been received by such Person or one of its Restricted Subsidiaries; provided that for the avoidance of doubt, Consolidated Net Income shall be increased in amounts equal to the amounts of cash actually received;

            (iii)  gains or losses in respect of any Asset Sales by such Person or one of its Restricted Subsidiaries (net of fees and expenses relating to the transaction giving rise thereto), on an after-tax basis;

            (iv)  the net income (loss) from any disposed or discontinued operations or any net gains or losses on disposed or discontinued operations, on an after-tax basis;

             (v)  solely for purposes of determining the amount available for Restricted Payments under clause (c) of the first paragraph of "Certain Covenants—Limitation on Restricted Payments," the net income of any Restricted Subsidiary (other than a Guarantor) or such Person to the extent that the declaration of dividends or similar distributions by that Restricted Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulations applicable to that Restricted Subsidiary or its stockholders; provided that for the avoidance of doubt, Consolidated Net Income shall be increased in amounts equal to the amounts of cash actually received;

            (vi)  any gain or loss realized as a result of the cumulative effect of a change in accounting principles;

           (vii)  any fees and expenses paid in connection with the issuance of the Notes;

          (viii)  non-cash compensation expense Incurred with any issuance of equity interests to an employee of such Person or any Restricted Subsidiary;

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            (ix)  any net after-tax gains or losses attributable to the early extinguishment or conversion of Debt;

             (x)  any non-cash impairment charges or asset write-off or write-down resulting from the application of Financial Accounting Standards Board Accounting Standards Codification ("ASC") Topic 350 "Intangibles—Goodwill and Other" or ASC Topic 360 "Property, Plant and Equipment," and the amortization of intangibles arising pursuant to ASC Topic 805 "Business Combinations" or any related subsequent Statement of Financial Accounting Standards;

            (xi)  non-cash gains, losses, income and expenses resulting from fair value accounting required by ASC Topic 815 "Derivatives and Hedging" or any related subsequent Statement of Financial Accounting Standards;

           (xii)  accruals and reserves that are established within twelve months after the closing of any acquisition that are so required to be established as a result of such acquisition in accordance with GAAP;

          (xiii)  any net unrealized gain or loss (after any offset) resulting from currency translation gains or losses related to currency remeasurements of Debt (including any net gain or loss resulting from obligations under Hedging Obligations for currency exchange risk) and any foreign currency translation gains or losses;

          (xiv)  any accruals and reserves that are established for expenses and losses, in respect of equity- based awards compensation expense (provided that if any such non-cash charges represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall reduce Consolidated Net Income to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period);

           (xv)  any expenses, charges or losses that are covered by indemnification or other reimbursement provisions in connection with any Investment or any sale, conveyance, transfer or other disposition of assets permitted under the Indenture, to the extent actually reimbursed, or, so long as the Company has made a determination that a reasonable basis exists for indemnification or reimbursement and only to the extent that such amount is in fact indemnified or reimbursed within 365 days of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so indemnified or reimbursed within such 365 days);

          (xvi)  to the extent covered by insurance and actually reimbursed, or, so long as the Company has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is in fact reimbursed within 365 days of the date of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so reimbursed within such 365 days), expenses, charges or losses with respect to liability or casualty events or business interruption; and

        (B)  including, without duplication, dividends and distributions from joint ventures actually received in cash by the Company.

        "Consolidated Net Tangible Assets" of any Person means the aggregate amount of assets of such Person and its Restricted Subsidiaries after deducting therefrom (to the extent otherwise included therein) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangibles, all as set forth on the most recent quarterly or annual (as the case may be) consolidated balance sheet (prior to the relevant date of determination) of such Person and its Restricted Subsidiaries in accordance with GAAP.

        "Consolidated Non-cash Charges" means, with respect to any Person for any period, the aggregate depreciation, amortization (including amortization of goodwill, other intangibles, deferred financing fees, debt issuance costs, commissions, fees and expenses) and other non-cash expenses of such Person

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and its Restricted Subsidiaries reducing Consolidated Net Income of such Person and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP (excluding any such charges constituting an extraordinary item or loss and excluding any such charges constituting an extraordinary item or loss or any charge which requires an accrual of or a reserve for cash charges for any future period).

        "Credit Agreement" means the Company's senior credit facilities, dated as of December 6, 2006 (and as amended as of March 26, 2007 and March 6, 2009), between the Company and guarantors named therein and Bank of America, N.A., as administrative agent, and the other agents and lenders named therein, together with all related notes, letters of credit, collateral documents, guarantees, and any other related agreements and instruments executed and delivered in connection therewith, in each case as amended, modified, supplemented, restated, refinanced, refunded or replaced in whole or in part from time to time including by or pursuant to any agreement or instrument that extends the maturity of any Debt thereunder, or increases the amount of available borrowings thereunder (provided that such increase in borrowings is permitted under clause (i) of the definition of the term "Permitted Debt"), or adds Subsidiaries of the Company as additional borrowers or guarantors thereunder, in each case with respect to such agreement or any successor or replacement agreement and whether by the same or any other agent, lender, group of lenders, purchasers or debt holders.

        "Credit Facilities" means one or more credit facilities (including the Credit Agreement) and indentures with banks or other lenders or investors providing for revolving or term loans or debt or the issuance of letters of credit or bankers' acceptances.

        "Debt" means at any time (without duplication), with respect to any Person, whether recourse is to all or a portion of the assets of such Person, or non-recourse, the following: (i) all indebtedness of such Person for money borrowed or for the deferred purchase price of property, excluding any trade payables or other current liabilities Incurred in the normal course of business; (ii) all obligations of such Person evidenced by bonds, debentures, notes, or other similar instruments; (iii) all reimbursement obligations of such Person with respect to letters of credit (other than letters of credit that are secured by cash or Eligible Cash Equivalents), bankers' acceptances or similar facilities (excluding obligations in respect of letters of credit or bankers' acceptances issued in respect of trade payables) issued for the account of such Person; provided that such obligations shall not constitute Debt except to the extent drawn and not repaid within five business days; (iv) all indebtedness created or arising under any conditional sale or other title retention agreement (other than operating leases) with respect to property or assets acquired by such Person; (v) all Capital Lease Obligations of such Person; (vi) the maximum fixed redemption or repurchase price of Redeemable Capital Interests in such Person at the time of determination; (vii) any Swap Contracts and Hedging Obligations of such Person at the time of determination; (viii) Attributable Debt with respect to any Sale and Leaseback Transaction to which such Person is a party; and (ix) all obligations of the types referred to in clauses (i) through (viii) of this definition of another Person, the payment of which, in either case, (A) such Person has Guaranteed or (B) is secured by (or the holder of such Debt or the recipient of such dividends or other distributions has an existing right, whether contingent or otherwise, to be secured by) any Lien upon the property or other assets of such Person, even though such Person has not assumed or become liable for the payment of such Debt.

        For purposes of the foregoing: (a) the maximum fixed repurchase price of any Redeemable Capital Interests that do not have a fixed repurchase price shall be calculated in accordance with the terms of such Redeemable Capital Interests as if such Redeemable Capital Interests were repurchased on any date on which Debt shall be required to be determined pursuant to the Indenture; provided, however, that, if such Redeemable Capital Interests are not then permitted to be repurchased, the repurchase price shall be the book value of such Redeemable Capital Interests; (b) the amount outstanding at any time of any Debt issued with original issue discount is the principal amount of such Debt less the remaining unamortized portion of the original issue discount of such Debt at such time as determined

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in conformity with GAAP, but such Debt shall be deemed Incurred only as of the date of original issuance thereof; (c) the amount of any Debt described in clause (vii) is the net amount payable (after giving effect to permitted set off) if such Swap Contracts or Hedging Obligations are terminated at that time due to default of such Person; (d) the amount of any Debt described in clause (ix)(A) above shall be the stated or determinable amount of or, if not stated or if indeterminable, the maximum reasonably anticipated liability under any such Guarantee; (e) the amount of any Debt described in clause (ix)(B) above shall be the lesser of (I) the maximum amount of the obligations so secured and (II) the Fair Market Value of such property or other assets; (f) interest, fees, premium, and expenses and additional payments, if any, will not constitute Debt and (g) the amount of Debt of the Company and its Subsidiaries shall be calculated without duplication of Guarantees of the Company or any Subsidiary in respect thereof.

        Notwithstanding the foregoing, in connection with the purchase by the Company or any Restricted Subsidiary of any business or assets, the term "Debt" will exclude (x) customary indemnification obligations and (y) post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment is otherwise contingent; provided, however, that, at the time of closing, the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and determined, the amount is paid within 60 days thereafter.

        The amount of Debt of any Person at any date shall be the outstanding balance at such date of all unconditional obligations and Guarantees as described above and, only upon the occurrence of the contingency giving rise to the obligations, the maximum reasonably anticipated liability of any contingent obligations (other than Guarantees) at such date; provided, however, that in the case of Debt sold at a discount, the amount of such Debt at any time will be the accreted value thereof at such time. If such Person or any of its Restricted Subsidiaries directly or indirectly Guarantees Debt of a third Person, the amount of Debt of such Person shall give effect to the Incurrence of such Guaranteed Debt (excluding credit support for third party customer financing in the ordinary course of business) as if such Person or such Subsidiary had directly Incurred or otherwise assumed such Guaranteed Debt.

        "Default" means any event that is, or after notice or passage of time, or both, would be, an Event of Default.

        "Designated Non-cash Consideration" means the Fair Market Value of non-cash consideration received by the Company or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer's Certificate, setting forth the basis of such valuation less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration.

        "Eligible Bank" means a bank or trust company that (i) is licensed, chartered or organized and existing under the laws of the United States of America or Canada, or any state, territory, province or possession thereof, (ii) as of the time of the making or acquisition of an Investment in such bank or trust company, has combined capital and surplus in excess of $500.0 million and (iii) the senior Debt of which is rated at least "A-2" by Moody's or at least "A" by S&P.

        "Eligible Cash Equivalents" means any of the following Investments: (i) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) maturing not more than one year after the date of acquisition; (ii) time deposits in and certificates of deposit of any Eligible Bank, provided that such Investments have a maturity date not more than two years after date of acquisition and that the Average Life of all such Investments is one year or less from the respective dates of acquisition; (iii) repurchase obligations with a term of not more than 180 days for underlying securities of the types described in clause (i) above entered into with any Eligible Bank; (iv) direct obligations issued by any state of the United States or any political subdivision or public instrumentality

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thereof, provided that such Investments mature, or are subject to tender at the option of the holder thereof, within 365 days after the date of acquisition and, at the time of acquisition, have a rating of at least A from S&P or A-2 from Moody's (or an equivalent rating by any other nationally recognized rating agency); (v) commercial paper of any Person other than an Affiliate of the Company and other than structured investment vehicles, provided that such Investments have one of the two highest ratings obtainable from either S&P or Moody's and mature within 180 days after the date of acquisition; (vi)(A) overnight and demand deposits in and bankers' acceptances of any Eligible Bank and (B) overnight and demand deposits in any other bank or trust company to the extent insured by the Federal Deposit Insurance Corporation against the Bank Insurance Fund; (vii) corporate bonds rated A/A2 or better; (viii) money market funds substantially all of the assets of which comprise Investments of the types described in clauses (i) through (vii); and (ix) Investments equivalent to those referred to in clauses (i) through (viii) above or funds equivalent to those referred to in clause (viii) above denominated in U.S. dollars, Euros or any other foreign currency issued by a foreign issuer or bank comparable in credit quality and tender to those referred to in such clauses and customarily used by corporations for cash management purposes in jurisdictions outside the United States to the extent reasonably required in connection with any business conducted by any Restricted Subsidiary organized or operating in such jurisdiction, all as determined in good faith by the Company.

        "Exchange Act" means the Securities Exchange Act of 1934, as amended.

        "Expiration Date" has the meaning set forth in the definition of "Offer to Purchase."

        "Fair Market Value" means, with respect to the consideration received or paid in any transaction or series of transactions, the fair market value thereof as determined in good faith by the Company. In the case of a transaction between the Company or a Restricted Subsidiary, on the one hand, and a Receivable Subsidiary, on the other hand, if the Company determines in its sole discretion that such determination is appropriate, a determination as to Fair Market Value may be made at the commencement of the transaction and be applicable to all dealings between the Receivable Subsidiary and the Company or such Restricted Subsidiary during the course of such transaction.

        "Floor Plan Financing Facility" means any facility entered or to be entered into by the Company or any Restricted Subsidiary pursuant to which such Person may (i) incur Debt to purchase vehicles and/or related equipment from vendors for the prompt resale to customers in the ordinary course of business and (ii) grant a security interest in such vehicles and/or related equipment to secure such borrowings.

        "Foreign Restricted Subsidiary" means any Restricted Subsidiary other than a Restricted Subsidiary incorporated or otherwise organized or existing under the laws of any state of the United States or the District of Columbia.

        "Four Quarter Period" has the meaning set forth in the definition of Consolidated Fixed Charge Coverage Ratio.

        "GAAP" means generally accepted accounting principles in the United States, consistently applied, as set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, or in such other statements by such other entity as may be approved by a significant segment of the accounting profession of the United States, which are in effect from time to time.

        "Guarantee" means, as applied to any Debt of another Person, (i) a guarantee (other than by endorsement of negotiable instruments for collection in the normal course of business), direct or indirect, in any manner, of any part or all of such Debt, (ii) any direct or indirect obligation, contingent or otherwise, of a Person guaranteeing or having the effect of guaranteeing the Debt of any other Person in any manner and (iii) an agreement of a Person, direct or indirect, contingent or otherwise, the practical effect of which is to assure in any way the payment (or payment of damages in the event of non-payment) of all or any part of such Debt of another Person (and "Guaranteed" and "Guaranteeing" shall have meanings that correspond to the foregoing).

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        "Guarantor" means any Person that executes a Note Guarantee in accordance with the provisions of the Indenture and their respective successors and assigns (subject to release in accordance with the Indenture).

        "Hedging Obligations" of any Person means the obligations of such Person pursuant to any interest rate agreement, currency agreement or commodity agreement, excluding commodity agreements relating to raw materials used in the ordinary course of the Company's business.

        "Holder" means a Person in whose name a Note is registered in the security register.

        "Incur" means, with respect to any Debt of any Person, to create, issue, incur (by conversion, exchange or otherwise), assume, Guarantee or otherwise become liable in respect of such Debt or the recording, as required pursuant to GAAP or other applicable accounting standards, of any such Debt on the balance sheet of such Person; provided, however, that a change in GAAP or an interpretation thereunder that results in an obligation of such Person that exists at such time becoming Debt shall not be deemed an Incurrence of such Debt. Debt otherwise Incurred by a Person before it becomes a Subsidiary of the Company shall be deemed to be Incurred at the time at which such Person becomes a Subsidiary of the Company. "Incurrence," "Incurred," "Incurrable" and "Incurring" shall have meanings that correspond to the foregoing. A Guarantee by the Company or a Restricted Subsidiary of Debt Incurred by the Company or a Restricted Subsidiary, as applicable, shall not be a separate Incurrence of Debt. In addition, the following shall not be deemed a separate Incurrence of Debt:

        (1)   amortization of debt discount or accretion of principal with respect to a non-interest bearing or other discount security;

        (2)   the payment of regularly scheduled interest in the form of additional Debt of the same instrument or the payment of regularly scheduled dividends on Capital Interests in the form of additional Capital Interests of the same class and with the same terms;

        (3)   the obligation to pay a premium in respect of Debt arising in connection with the issuance of a notice of redemption or making of a mandatory offer to purchase such Debt; and

        (4)   unrealized losses or charges in respect of Hedging Obligations.

        "Initial Purchasers" means Banc of America Securities LLC, Goldman Sachs & Co., J.P. Morgan Securities Inc. and such other initial purchasers party to the purchase agreement entered into in connection with the offer and sale of the Notes on the Issue Date and any similar purchase agreement in connection with any Additional Notes.

        "Investment" by any Person means any direct or indirect loan, advance, guarantee for the benefit of (or other extension of credit) or capital contribution to (by means of any transfer of cash or other property or assets to another Person or any other payments for property or services for the account or use of another Person) another Person, including, without limitation, the following: (i) the purchase or acquisition of any Capital Interest or other evidence of beneficial ownership in another Person; (ii) the purchase, acquisition or Guarantee of the Debt of another Person; and (iii) the purchase or acquisition of the business or assets of another Person substantially as an entirety but shall exclude: (a) accounts receivable and other extensions of trade credit in accordance with the Company's customary practices; (b) the acquisition of property and assets from suppliers and other vendors in the normal course of business; and (c) prepaid expenses and workers' compensation, utility, lease and similar deposits, in the normal course of business.

        "Investment Grade Rating" designates a rating of BBB- or higher by S&P or Baa3 or higher by Moody's or the equivalent of such ratings by S&P or Moody's. In the event that the Issuer shall select any other Rating Agency as provided under the definition of the term "Rating Agencies," the equivalent of such ratings by such Rating Agency shall be used.

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        "Issue Date" means March 3, 2010.

        "Leasing Assets" means, with respect to any lease, all of the following property and interests in property whether now existing or existing in the future or hereafter acquired or arising: (i) all vehicles or equipment manufactured or refurbished by the Company or any of its Subsidiaries (and truck chassis, cement block boom trucks and similar vehicles or equipment manufactured or refurbished by third parties) and acquired by a Leasing Subsidiary in connection with such assets being contemporaneously leased to a third party; (ii) all leases and other contracts or agreements relating to the lease financing by a customer of vehicles or equipment manufactured or refurbished by the Company or any of its Subsidiaries; (iii) all accounts receivable and other obligations incurred by lessees in connection with the foregoing, no matter how evidenced; (iv) all rights to any vehicles or equipment subject to any of the foregoing after or in connection with creation of the foregoing, including, without limitation, returned or repossessed goods; (v) all reserves and credit balances with respect to any such lease contracts or agreements or lessees; (vi) all letters of credit, security or guarantees for any of the foregoing; (vii) all insurance policies or reports relating to any of the foregoing; and (viii) all books and records relating to any of the foregoing.

        "Leasing Subsidiary" means Oshkosh/McNeilus Financial Services, Inc., Oshkosh/McNeilus Financial Services Partnership, Oshkosh Equipment Finance, L.L.C. and any other Subsidiary (or partnership of which a Subsidiary of the Company is a general or limited partner) that is designated by the Board of Directors of the Company as a Leasing Subsidiary and that is exclusively engaged in Leasing Transactions and activities incidental thereto. If at any time any Leasing Subsidiary should engage in a material transaction or activity other than those described above, it shall thereafter cease to be a Leasing Subsidiary for purposes of the Indenture.

        "Leasing Transaction" means (i) the sale, lease or other disposition to a third party of Leasing Assets or an interest therein; (ii) the borrowing of money secured by Leasing Assets; or (iii) the sale or other disposition of Leasing Assets or an interest therein to a Leasing Subsidiary followed by a financing transaction in connection with such sale or disposition of such Leasing Assets (whether such financing transaction is effected by such Leasing Subsidiary or by a third party to whom such Leasing Subsidiary sells such Leasing Assets or interests therein); provided that in each of the foregoing, the Company or its Restricted Subsidiaries receive or have received at least 95% of the aggregate sale price attributed to the vehicles and equipment that underlie the leases financed in such transaction.

        "Lien" means, with respect to any property or other asset, any mortgage, deed of trust, deed to secure debt, pledge, hypothecation, assignment for security purposes, deposit arrangement, security interest, lien (statutory or otherwise), charge, easement, encumbrance or other security agreement or arrangement of any kind or nature whatsoever on or with respect to such property or other asset (including, without limitation, any conditional sale or other title retention agreement having substantially the same economic effect as any of the foregoing).

        "Moody's" means Moody's Investors Service, Inc. and any successor to its rating agency business.

        "Net Cash Proceeds" means, with respect to Asset Sales of any Person, cash and Eligible Cash Equivalents received, net of: (i) all reasonable out-of-pocket costs and expenses of such Person incurred in connection with such a sale, including, without limitation, all legal, accounting, title and recording tax expenses, commissions and other fees and expenses incurred and all federal, state, foreign and local taxes arising in connection with such an Asset Sale that are paid or required to be accrued as a liability under GAAP by such Person; (ii) all payments made by such Person on any Debt that is secured by such properties or other assets in accordance with the terms of any Lien upon or with respect to such properties or other assets or that must, by the terms of such Lien or such Debt, or in order to obtain a necessary consent to such transaction or by applicable law, be repaid to any other Person (other than the Company or a Restricted Subsidiary thereof) in connection with such Asset Sale; and (iii) all contractually required distributions and other payments made to minority interest holders in Restricted

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Subsidiaries of such Person as a result of such transaction; provided, however, that: (a) in the event that any consideration for an Asset Sale (which would otherwise constitute Net Cash Proceeds) is required by (I) contract to be held in escrow pending determination of whether a purchase price adjustment will be made or (II) GAAP to be reserved against other liabilities in connection with such Asset Sale, such consideration (or any portion thereof) shall become Net Cash Proceeds only at such time as it is released to such Person from escrow or otherwise; and (b) any non-cash consideration received in connection with any transaction, which is subsequently converted to cash, shall become Net Cash Proceeds only at such time as it is so converted.

        "Non-Recourse Receivable Subsidiary Indebtedness" has the meaning set forth in the definition of "Receivable Subsidiary."

        "Obligations" means any principal, premium, interest (including any interest accruing subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or foreign law), penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and banker's acceptances), damages and other liabilities, and guarantees of payment of such principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Debt.

        "Offer" has the meaning set forth in the definition of "Offer to Purchase."

        "Offer to Purchase" means a written offer (the "Offer") sent by the Company by first class mail, postage prepaid, to each Holder at his address appearing in the security register on the date of the Offer, offering to purchase up to the aggregate principal amount of Notes set forth in such Offer at the purchase price set forth in such Offer (as determined pursuant to the Indenture). Unless otherwise required by applicable law, the offer shall specify an expiration date (the "Expiration Date") of the Offer to Purchase which shall be, subject to any contrary requirements of applicable law, not less than 30 days or more than 60 days after the date of mailing of such Offer and a settlement date (the "Purchase Date") for purchase of Notes within five business days after the Expiration Date. The Company shall notify the Trustee at least 15 days (or such shorter period as is acceptable to the Trustee) prior to the mailing of the Offer of the Company's obligation to make an Offer to Purchase, and the Offer shall be mailed by the Company or, at the Company's request, by the Trustee in the name and at the expense of the Company. The Offer shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Offer to Purchase. The Offer shall also state:

        (1)   the Section of the Indenture pursuant to which the Offer to Purchase is being made;

        (2)   the Expiration Date and the Purchase Date;

        (3)   the aggregate principal amount of the outstanding Notes offered to be purchased pursuant to the Offer to Purchase (including, if less than 100%, the manner by which such amount has been determined pursuant to Indenture covenants requiring the Offer to Purchase) (the "Purchase Amount");

        (4)   the purchase price to be paid by the Company for each $2,000 principal amount of Notes (and integral multiples of $1,000 in excess thereof) accepted for payment (as specified pursuant to the Indenture) (the "Purchase Price");

        (5)   that the Holder may tender all or any portion of the Notes registered in the name of such Holder and that any portion of a Note tendered must be tendered in a minimum amount of $2,000 principal amount (and integral multiples of $1,000 in excess thereof);

        (6)   the place or places where Notes are to be surrendered for tender pursuant to the Offer to Purchase, if applicable;

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        (7)   that, unless the Company defaults in making such purchase, any Note accepted for purchase pursuant to the Offer to Purchase will cease to accrue interest on and after the Purchase Date, but that any Note not tendered or tendered but not purchased by the Company pursuant to the Offer to Purchase will continue to accrue interest at the same rate;

        (8)   that, on the Purchase Date, the Purchase Price will become due and payable upon each Note accepted for payment pursuant to the Offer to Purchase;

        (9)   that each Holder electing to tender a Note pursuant to the Offer to Purchase will be required to surrender such Note or cause such Note to be surrendered at the place or places set forth in the Offer prior to the close of business on the Expiration Date (such Note being, if the Company or the Trustee so requires, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing);

        (10) that Holders will be entitled to withdraw all or any portion of Notes tendered if the Company (or its paying agent) receives, not later than the close of business on the Expiration Date, a facsimile transmission or letter setting forth the name of the Holder, the aggregate principal amount of the Notes the Holder tendered, the certificate number of the Note the Holder tendered and a statement that such Holder is withdrawing all or a portion of his tender;

        (11) that (a) if Notes having an aggregate principal amount less than or equal to the Purchase Amount are duly tendered and not withdrawn pursuant to the Offer to Purchase, the Company shall purchase all such Notes and (b) if Notes having an aggregate principal amount in excess of the Purchase Amount are tendered and not withdrawn pursuant to the Offer to Purchase, the Company shall purchase Notes having an aggregate principal amount equal to the Purchase Amount on a pro rata basis (with such adjustments as may be deemed appropriate so that only Notes in denominations of $2,000 principal amount or integral multiples of $1,000 in excess thereof shall be purchased); and

        (12) if applicable, that, in the case of any Holder whose Note is purchased only in part, the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized denomination as requested by such Holder, in the aggregate principal amount equal to and in exchange for the unpurchased portion of the aggregate principal amount of the Notes so tendered.

        "Officers' Certificate" means a certificate signed by two officers of the Company or a Guarantor, as applicable, one of whom must be the principal executive officer, the principal financial officer or the principal accounting officer of the Company or such Guarantor, as applicable.

        "Permitted Business" means any business similar in nature to any business conducted by the Company and the Restricted Subsidiaries on the Issue Date and any business reasonably ancillary, incidental, complementary or related to, or a reasonable extension, development or expansion of, the business conducted by the Company and the Restricted Subsidiaries on the Issue Date, in each case, as determined in good faith by the Company.

    "Permitted Debt" means

          (i)  Debt Incurred pursuant to any Credit Facilities in an aggregate principal amount at any one time outstanding not to exceed the greater of (A) $1,900.0 million minus any amount used to permanently repay such Obligations (or permanently reduce commitments with respect thereto) pursuant to the "Limitation on Asset Sales" covenant, and (B) an amount equal to 3.5 multiplied by the Consolidated Cash Flow Available for Fixed Charges of the Company and its Restricted Subsidiaries for the most recent Four Quarter Period, after giving effect on a pro forma basis for the period of such calculation to any Asset Sales or other dispositions or Asset Acquisitions, investments, mergers, consolidations and discontinued operations (as determined in accordance with GAAP)

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occurring during the Four Quarter Period or any time subsequent to the last day of the Four Quarter Period and on or prior to the determination date, as if such Asset Sale or other disposition or Asset Acquisition (including the Incurrence or assumption of any Acquired Debt), investment, merger, consolidation or disposed operation occurred on the first day of the Four Quarter Period. For purposes of this definition, pro forma calculations shall be made in accordance with Article 11 of Regulation S-X promulgated under the Securities Act;

         (ii)  Debt under the Notes and contribution, indemnification and reimbursement obligations owed by the Company or any Guarantor to any of the other of them in respect of amounts paid or payable on such Notes;

        (iii)  Guarantees of the Notes;

        (iv)  Debt of the Company or any Restricted Subsidiary outstanding on the Issue Date (other than (A) clause (i), (ii) or (iii) above and (B) Debt being repaid with the proceeds of this offering);

         (v)  Debt owed to and held by the Company or a Restricted Subsidiary;

        (vi)  Guarantees Incurred by the Company of Debt of a Restricted Subsidiary otherwise permitted to be Incurred under the Indenture;

       (vii)  Guarantees by any Restricted Subsidiary of Debt of the Company or any Restricted Subsidiary, including Guarantees by any Restricted Subsidiary of Debt under the Credit Agreement, provided that (a) such Debt is Permitted Debt or is otherwise Incurred in accordance with the "Limitation on Incurrence of Debt" covenant and (b) if the Debt being guaranteed is subordinated to the Notes, such Guarantees are subordinated to the Notes to the same extent as the Debt being guaranteed;

      (viii)  Debt Incurred in respect of workers' compensation claims and self-insurance obligations, and, for the avoidance of doubt, indemnity, bid, performance, warranty, release, appeal, surety and similar bonds, letters of credit for operating purposes and completion guarantees provided or Incurred (including Guarantees thereof) by the Company or a Restricted Subsidiary in the ordinary course of business;

        (ix)  Debt under Swap Contracts and Hedging Obligations;

         (x)  Debt owed by the Company to any Restricted Subsidiary, or by any Restricted Subsidiary to the Company or to any other Restricted Subsidiary, provided that if for any reason such Debt ceases to be held by the Company or a Restricted Subsidiary, as applicable, such Debt shall cease to be Permitted Debt and shall be deemed Incurred as Debt of the Company for purposes of the Indenture;

        (xi)  Debt of the Company or any Restricted Subsidiary pursuant to Capital Lease Obligations, Synthetic Lease Obligations and Purchase Money Debt, provided that the aggregate principal amount of such Debt outstanding at any time may not exceed $150.0 million in the aggregate;

       (xii)  Debt arising from agreements of the Company or a Restricted Subsidiary providing for indemnification, contribution, earnout, adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or Capital Interests of a Restricted Subsidiary otherwise permitted under the Indenture;

      (xiii)  the issuance by any of the Company's Restricted Subsidiaries to the Company or to any of its Restricted Subsidiaries of shares of Preferred Interests; provided, however, that:

            (a)   any subsequent issuance or transfer of Capital Interests that results in any such Preferred Interests being held by a Person other than the Company or a Restricted Subsidiary; and

            (b)   any sale or other transfer of any such Preferred Interests to a Person that is not either the Company or a Restricted Subsidiary;

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shall be deemed, in each case, to constitute an issuance of such Preferred Interests by such Restricted Subsidiary that was not permitted by this clause (xiii);

      (xiv)  Debt arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; provided, however, that such Debt is extinguished within five business days of Incurrence and Debt arising from negative account balances in cash pooling arrangements arising in the ordinary course of business;

       (xv)  Debt owing to the Company by any Subsidiary or Debt owing to any Guarantor Subsidiary by the Company or another Subsidiary;

      (xvi)  Debt incurred by the Company or any Subsidiary pursuant to any Floor Plan Financing Facility that (A) is non-interest bearing and has a stated maturity of 120 days or less, or (B) does not exceed any time outstanding $50.0 million;

     (xvii)  obligations of the Company or its Subsidiaries in respect of customer advances received and held in the ordinary course of business;

    (xviii)  Debt constituting credit support for third party customer financing in the ordinary course of business;

      (xix)  performance bonds or performance guaranties (or bank guaranties or letters of credit in lieu thereof) entered into in the ordinary course of business;

       (xx)  Debt incurred by a Leasing Subsidiary in a Leasing Transaction that is non-recourse to the Company or any Restricted Subsidiary of the Company (other than Leasing Subsidiaries);

      (xxi)  Guarantees by the Company with respect to up to $10.0 million at any time outstanding of Debt of Leasing Subsidiaries;

     (xxii)  Debt of the Company or any Restricted Subsidiary not otherwise permitted pursuant to this definition, in an aggregate principal amount not to exceed $250.0 million at any time outstanding; and

    (xxiii)  Refinancing Debt.

        Notwithstanding anything herein to the contrary, Debt permitted under clauses (i), (ii), (xi) and (xv) of this definition of "Permitted Debt" shall not constitute "Refinancing Debt" under clause (xxiii) of this definition of "Permitted Debt."

        "Permitted Liens" means:

        (a)   Liens existing at the Issue Date;

        (b)   Liens that secure (A) Debt under Credit Facilities permitted pursuant to clause (i) of the definition of "Permitted Debt," (B) Hedging Obligations and Swap Contracts relating to such Credit Facilities and permitted under the agreements related thereto and (C) fees, expenses and other amounts payable under such Credit Facilities or payable pursuant to cash management agreements or agreements with respect to similar banking services relating to such Credit Facilities and permitted under the agreements related thereto;

        (c)   any Lien for taxes or assessments or other governmental charges or levies not then delinquent for more than 90 days, that are then remaining payable without penalty or which are being contested in good faith and for which adequate reserves are being maintained to the extent required by GAAP and, in each case, to the extent no notice of lien has been filed or recorded under the Code;

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        (d)   any warehousemen's, materialmen's, landlord's or other similar Liens arising by law for sums not then due and payable (or which, if due and payable, are being contested in good faith and with respect to which adequate reserves are being maintained, to the extent required by GAAP);

        (e)   survey exceptions, encumbrances, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other similar restrictions as to the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties which do not individually or in the aggregate materially adversely affect the value of the Company and its Restricted Subsidiaries taken as a whole or materially impair the operation of the business of the Company and its Restricted Subsidiaries taken as a whole;

        (f)    pledges or deposits (i) in connection with workers' compensation, unemployment insurance and other types of statutory obligations or the requirements of any official body; (ii) to secure the performance of tenders, bids, surety or performance bonds, leases, purchase, construction, sales or servicing contracts (including utility contracts) and other similar obligations Incurred in the ordinary course of business; (iii) to obtain or secure obligations with respect to letters of credit, Guarantees, bonds or other sureties or assurances given in connection with the activities described in clauses (i) and (ii) above, in each case not Incurred or made in connection with the borrowing of money, the obtaining of advances or credit or the payment of the deferred purchase price of property or services or imposed by ERISA or the Code in connection with a "plan" (as defined in ERISA); or (iv) arising in connection with any attachment unless such Liens shall not be satisfied or discharged or stayed pending appeal within 60 days after the entry thereof or the expiration of any such stay;

        (g)   Liens on property or assets of a Person existing at the time such Person acquires such property or assets, is merged with or into or consolidated with the Company or a Restricted Subsidiary, or becomes a Restricted Subsidiary (and not created or Incurred in anticipation of such transaction), provided that such Liens are not extended to the property and assets of the Company and its Restricted Subsidiaries other than the property or assets acquired and the proceeds thereof;

        (h)   Liens securing Debt of a Restricted Subsidiary owed to and held by the Company or a Restricted Subsidiary thereof;

        (i)    for the avoidance of doubt, other Liens (not securing Debt) incidental to the conduct of the business of the Company or any of its Restricted Subsidiaries, as the case may be, or the ownership of their assets which do not individually or in the aggregate materially adversely affect the value of the Company and its Restricted Subsidiaries taken as a whole or materially impair the operation of the business of the Company and its Restricted Subsidiaries taken as a whole;

        (j)    Liens to secure any extension, renewal, refinancing or refunding (or successive extensions, renewals, refinancings or refundings), in whole or in part, in accordance with the terms of the Indenture of any Debt secured by Liens referred to in clauses (a), (b), (g), (m) and (w) hereof to the extent that such Liens do not extend to any other property or assets and the principal amount of the obligations secured by such Liens is not increased;

        (k)   Liens in favor of customs or revenue authorities arising as a matter of law to secure payment of custom duties in connection with the importation of goods incurred in the ordinary course of business;

        (l)    licenses of intellectual property granted in the ordinary course of business;

        (m)  Liens to secure Capital Lease Obligations, Synthetic Lease Obligations and Purchase Money Debt permitted to be incurred pursuant to clause (xi) of the definition of "Permitted Debt"; provided that such Liens do not extend to or cover any assets other than such assets acquired or constructed after the Issue Date with the proceeds of such Capital Lease Obligation, Synthetic Lease Obligation or

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Purchase Money Debt and any assets that, in the ordinary course of business, are subject to Liens in favor of the same creditor for other assets subject to existing Capital Lease Obligations, Synthetic Lease Obligations and Purchase Money Debt;

        (n)   Liens in favor of the Company or any Guarantor;

        (o)   Liens upon specific items of inventory or other goods and proceeds of any Person securing such Person's obligation in respect of banker's acceptances issued or created in the ordinary course of business for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods;

        (p)   Liens securing Debt Incurred to finance the construction, purchase or lease of, or repairs, improvements or additions to, property, plant or equipment of such Person; provided, however, that the Lien may not extend to any property owned by such Person or any of its Restricted Subsidiaries at the time the Lien is Incurred (other than assets and property affixed or appurtenant thereto and any proceeds thereof), and the Debt (other than any interest thereon) secured by the Lien may not be Incurred more than 180 days after the later of the acquisition, completion of construction, repair, improvement, addition or commencement of full operation of the property subject to the Lien;

        (q)   Liens on property or shares of Capital Interests of another Person at the time such other Person becomes a Subsidiary of such Person; provided, however, that (i) the Liens may not extend to any other property owned by such Person or any of its Restricted Subsidiaries (other than assets and property affixed or appurtenant thereto) and (ii) such Liens are not created or incurred in connection with, or in contemplation of, such other Person becoming such a Restricted Subsidiary;

        (r)   Liens (i) that are contractual rights of set-off (A) relating to the establishment of depository relations with banks not given in connection with the issuance of Debt, (B) relating to pooled deposit or sweep accounts of the Company or any of its Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations and other cash management activities incurred in the ordinary course of business of the Company and/or any of its Restricted Subsidiaries or (C) relating to purchase orders and other agreements entered into with customers of the Company or any of its Restricted Subsidiaries in the ordinary course of business and (ii) of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the course of collection, (Y) encumbering reasonable customary initial deposits and margin deposits and attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business, and (Z) in favor of banking institutions arising as a matter of law or pursuant to customary account agreements encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking industry;

        (s)   Liens securing judgments for the payment of money not constituting an Event of Default under clause (7) under the caption "Events of Default" so long as such Liens are adequately bonded and any appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired;

        (t)    leases, subleases, licenses or sublicenses granted to others in the ordinary course of business which do not materially interfere with the ordinary conduct of the business of the Company or any Restricted Subsidiaries and do not secure any Debt;

        (u)   any interest of title of an owner of equipment or inventory on loan or consignment to the Company or any of its Restricted Subsidiaries and Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the Company or any Restricted Subsidiary in the ordinary course of business;

        (v)   deposits in the ordinary course of business to secure liability to insurance carriers;

        (w)  Liens securing the Notes and the Note Guarantees;

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        (x)   Liens securing Hedging Obligations and Swap Contracts so long as any related Debt is permitted to be Incurred under the Indenture;

        (y)   options, put and call arrangements, rights of first refusal and similar rights relating to Investments in joint ventures, partnerships and the like permitted to be made under the Indenture;

        (z)   Liens attaching to earnest money deposits (or equivalent deposits otherwise named) made in connection with proposed acquisitions in an amount not to exceed $10.0 million;

        (aa) (i) set-off rights not otherwise set forth in clause (r) above, or (ii) Liens arising in connection with repurchase agreements that constitute Investments;

        (bb) Liens on cash and other deposits or net worth imposed in connection with contracts entered into the ordinary course of business;

        (cc)  Liens on vehicles or related property securing Obligations under any Floor Plan Financing Facility permitted by the Indenture incurred in the ordinary course of business, provided that the aggregate principal amount of all Obligations at any time outstanding under all Floor Plan Financing Facilities after giving effect to such incurrence does not exceed the total cost of the vehicles and equipment securing such Obligations;

        (dd) Liens on assets of a Leasing Subsidiary securing Debt under Leasing Transactions that was permitted to be Incurred under the Indenture, and Liens on Leasing Assets for which the applicable lessee is not permitted by applicable law to hold title to such Leasing Assets;

        (ee) Liens on the Capital Interests of a Receivable Subsidiary and accounts receivable and other financial and related assets described in the definition of Qualified Receivables Transaction, in each case, incurred in connection with a Qualified Receivables Transaction and in an aggregate amount not to exceed $250.0 million;

        (ff)  Liens securing Obligations for third party customer financing in the ordinary course of business; and

        (gg) Liens not otherwise permitted under the Indenture in an aggregate amount not to exceed $250.0 million.

        "Person" means any individual, corporation, limited liability company, partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof.

        "Preferred Interests," as applied to the Capital Interests in any Person, means Capital Interests in such Person of any class or classes (however designated) that rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to shares of Common Interests in such Person.

        "Purchase Amount" has the meaning set forth in the definition of "Offer to Purchase."

        "Purchase Date" has the meaning set forth in the definition of "Offer to Purchase."

    "Purchase Money Debt" means Debt

          (i)  Incurred to finance the purchase or construction (including additions and improvements thereto) of any assets (other than Capital Interests) of such Person or any Restricted Subsidiary; and

         (ii)  that is secured by a Lien on such assets where the lender's sole security is to the assets so purchased or constructed or substantially similar assets leased or purchased from such lender under a master lease or similar agreement and proceeds of the foregoing; and in either case that does not exceed 100% of the cost and to the extent the purchase or construction prices for such assets are or should be included in "addition to property, plant or equipment" in accordance with GAAP.

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        "Purchase Money Note" means a promissory note of a Receivable Subsidiary to the Company or any Restricted Subsidiary, which note must be repaid from cash available to the Receivable Subsidiary, other than amounts required to be established as reserves pursuant to agreements, amounts paid to investors in respect of interest, principal and other amounts owing to such investors and amounts paid in connection with the purchase of newly generated receivables or other financial assets. The repayment of a Purchase Money Note may be subordinated to the repayment of other liabilities of the Receivable Subsidiary on terms determined in good faith by the Company to be substantially consistent with market practice in connection with Qualified Receivables Transactions.

        "Purchase Price" has the meaning set forth in the definition of "Offer to Purchase."

        "Qualified Capital Interests" in any Person means a class of Capital Interests other than Redeemable Capital Interests.

        "Qualified Equity Offering" means (i) an underwritten public equity offering of Qualified Capital Interests pursuant to an effective registration statement under the Securities Act yielding gross proceeds to either of the Company, or any direct or indirect parent company of the Company, of at least $25.0 million or (ii) a private equity offering of Qualified Capital Interests of the Company, or any direct or indirect parent company of the Company, other than (x) any such public or private sale to an entity that is an Affiliate of the Company and (y) any public offerings registered on Form S-8; provided that, in the case of an offering or sale by a direct or indirect parent company of the Company, such parent company contributes to the capital of the Company the portion of the net cash proceeds of such offering or sale necessary to pay the aggregate Redemption Price (plus accrued interest to the redemption date) of the Notes to be redeemed pursuant to the provisions described under the second paragraph of "—Optional Redemption."

        "Qualified Receivables Transaction" means any transaction or series of transactions entered into by the Company or any of its Restricted Subsidiaries pursuant to which the Company or such Restricted Subsidiary transfers to (a) a Receivable Subsidiary (in the case of a transfer by the Company or any of its Restricted Subsidiaries) or (b) any other Person (in the case of a transfer by a Receivable Subsidiary), or grants a security interest in, any accounts receivable or other financial assets (whether now existing or arising in the future) of the Company or any of its Restricted Subsidiaries, and any assets related thereto, including, without limitation, all collateral securing such accounts receivable or other financial assets, all contracts and all Guarantees or other obligations in respect of such accounts receivable or other financial assets, proceeds of such accounts receivable or other financial assets and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with an accounts receivable or other financial asset financing transaction; provided such transaction is on market terms as determined in good faith by the Company at the time the Company or such Restricted Subsidiary enters into such transaction.

        "Rating Agencies" means Moody's and S&P or if Moody's or S&P or both shall not make a rating on the Notes publicly available other than as a result of actions by the Company, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company which shall be substituted for Moody's or S&P or both, as the case may be.

        "Receivable Subsidiary" means a Subsidiary of the Company:

        (1)   that is formed solely for the purpose of, and that engages in no activities other than activities in connection with, financing accounts receivable or other financial assets of the Company and/or its Restricted Subsidiaries, including providing letters of credit on behalf of or for the benefit of the Company and/or its Restricted Subsidiaries;

        (2)   that is designated by the Board of Directors as a Receivable Subsidiary pursuant to an Officers' Certificate that is delivered to the Trustee;

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        (3)   that is either (a) a Restricted Subsidiary or (b) an Unrestricted Subsidiary designated in accordance with the covenant described under "—Certain Covenants—Limitation on Creation of Unrestricted Subsidiaries";

        (4)   no portion of the Debt or any other obligation (contingent or otherwise) of which (a) is at any time Guaranteed by the Company or any Restricted Subsidiary (excluding Guarantees of obligations (other than any Guarantee of Debt) pursuant to Standard Securitization Undertakings), (b) is at any time recourse to or obligates the Company or any Restricted Subsidiary in any way, other than pursuant to Standard Securitization Undertakings, or (c) subjects any asset of the Company or any other Restricted Subsidiary of the Company, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings (such Debt, "Non-Recourse Receivable Subsidiary Indebtedness");

        (5)   with which neither the Company nor any Restricted Subsidiary has any material contract, agreement, arrangement or understanding other than (a) contracts, agreements, arrangements and understandings entered into in the ordinary course of business on terms no less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Company in connection with a Qualified Receivables Transaction as determined in good faith by the Board of Directors of the Company, (b) fees payable in the ordinary course of business in connection with servicing accounts receivable or other financial assets in connection with such a Qualified Receivables Transaction as determined in good faith by the Board of Directors of the Company and (c) any Purchase Money Note or equity interest issued by such Receivable Subsidiary to the Company or a Restricted Subsidiary; and

        (6)   with respect to which neither the Company nor any other Restricted Subsidiary has any obligation (a) to subscribe for additional shares of Capital Interests therein or make any additional capital contribution or similar payment or transfer thereto except in connection with a Qualified Receivables Transaction or (b) to maintain or preserve the solvency or any balance sheet term, financial condition, level of income or results of operations thereof.

        "Redeemable Capital Interests" in any Person means any equity security of such Person that by its terms (or by terms of any security into which it is convertible or for which it is exchangeable), or otherwise (including the passage of time or the happening of an event), is required to be redeemed, is redeemable at the option of the holder thereof in whole or in part (including by operation of a sinking fund), or is convertible or exchangeable for Debt of such Person at the option of the holder thereof, in whole or in part, at any time prior to the Stated Maturity of the Notes; provided that only the portion of such equity security which is required to be redeemed, is so convertible or exchangeable or is so redeemable at the option of the holder thereof before such date will be deemed to be Redeemable Capital Interests. Notwithstanding the preceding sentence, any equity security that would constitute Redeemable Capital Interests solely because the holders of the equity security have the right to require the Company to repurchase such equity security upon the occurrence of a Change of Control or an Asset Sale will not constitute Redeemable Capital Interests if the terms of such equity security provide that the Company may not repurchase or redeem any such equity security pursuant to such provisions unless such repurchase or redemption complies with the covenant described above under the caption "—Certain Covenants—Limitation on Restricted Payments." The amount of Redeemable Capital Interests deemed to be outstanding at any time for purposes of the Indenture will be the maximum amount that the Company and its Restricted Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Redeemable Capital Interests or portion thereof, exclusive of accrued dividends.

        "Redemption Price," when used with respect to any Note to be redeemed, means the price at which it is to be redeemed pursuant to the Indenture.

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        "Refinancing Debt" means Debt that refunds, refinances, renews, replaces or extends any Debt permitted to be Incurred by the Company or any Restricted Subsidiary pursuant to the terms of the Indenture, whether involving the same or any other lender or creditor or group of lenders or creditors (including, with respect to any Guarantee of Debt, the refinancing of the guaranteed Debt and incurrence of a Guarantee with respect to the new Debt), but only to the extent that

          (i)  the Refinancing Debt is subordinated to the Notes to at least the same extent as the Debt being refunded, refinanced or extended, if such Debt was subordinated to the Notes,

         (ii)  the Refinancing Debt is scheduled to mature either (a) no earlier than the Debt being refunded, refinanced or extended or (b) at least 91 days after the maturity date of the Notes,

        (iii)  the Refinancing Debt has an Average Life at the time such Refinancing Debt is Incurred that is equal to or greater than the Average Life of the Debt being refunded, refinanced, renewed, replaced or extended,

        (iv)  such Refinancing Debt is in an aggregate principal amount that is less than or equal to the sum of (a) the aggregate principal or accreted amount (in the case of any Debt issued with original issue discount, as such) then outstanding under the Debt being refunded, refinanced, renewed, replaced or extended, (b) the amount of accrued and unpaid interest, if any, and premiums owed, if any, not in excess of preexisting prepayment provisions on such Debt being refunded, refinanced, renewed, replaced or extended and (c) the amount of reasonable and customary fees, expenses and costs related to the Incurrence of such Refinancing Debt, and

         (v)  such Refinancing Debt is Incurred by the same Person (or its successor) that initially Incurred the Debt being refunded, refinanced, renewed, replaced or extended, except that the Company may Incur Refinancing Debt to refund, refinance, renew, replace or extend Debt of any Restricted Subsidiary of the Company.

        "Related Business Assets" means assets (other than cash or Eligible Cash Equivalents) used or useful in a Permitted Business, provided that any assets received by the Company or a Restricted Subsidiary in exchange for assets transferred by the Company or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

        "Restricted Payment" is defined to mean any of the following:

        (a)   any dividend or other distribution declared and paid on the Capital Interests in the Company or on the Capital Interests in any Restricted Subsidiary of the Company that are held by, or declared and paid to, any Person other than the Company or a Restricted Subsidiary of the Company (other than (i) dividends, distributions or payments made solely in Qualified Capital Interests in the Company and (ii) dividends or distributions payable to the Company or a Restricted Subsidiary of the Company or to the holders of Capital Interests of a Restricted Subsidiary on a pro rata basis);

        (b)   any payment made by the Company or any of its Restricted Subsidiaries to purchase, redeem, acquire or retire any Capital Interests in the Company (including the conversion into, or exchange for, Debt of any Capital Interests) other than any such Capital Interests owned by the Company or any Restricted Subsidiary (other than a payment made solely in Qualified Capital Interests in the Company);

        (c)   any payment made by the Company or any of its Restricted Subsidiaries (other than a payment made solely in Qualified Capital Interests in the Company) to redeem, repurchase, defease (including an in substance or legal defeasance) or otherwise acquire or retire for value (including pursuant to mandatory repurchase covenants), prior to any scheduled maturity, scheduled sinking fund or mandatory redemption payment, Debt of the Company or any Guarantor that is subordinate in right of payment to the Notes or Note Guarantees (excluding any Debt owed to the Company or any

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Restricted Subsidiary); except payments of principal and interest in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case, within one year of the due date thereof; and

        (d)   any designation of a Restricted Subsidiary as an Unrestricted Subsidiary.

        "Restricted Subsidiary" means any Subsidiary that has not been designated as an "Unrestricted Subsidiary" in accordance with the Indenture.

        "S&P" means Standard & Poor's, a division of The McGraw-Hill Companies, Inc., and any successor to its rating agency business.

        "Sale and Leaseback Transaction" means any direct or indirect arrangement pursuant to which property is sold or transferred by the Company or a Restricted Subsidiary and is thereafter leased back as a capital lease by the Company or a Restricted Subsidiary.

        "Significant Subsidiary" has the meaning set forth in Rule 1-02 of Regulation S-X under the Securities Act and Exchange Act, but shall not include any Unrestricted Subsidiary.

        "Standard Securitization Undertakings" means representations, warranties, covenants and indemnities entered into by the Company or any Restricted Subsidiary which are reasonably customary in an accounts receivable or other financial asset securitization transaction as determined in good faith by the Company, including Guarantees by the Company or any Restricted Subsidiary of any of the foregoing obligations of the Company or a Restricted Subsidiary.

        "Stated Maturity," when used with respect to (i) any Note or any installment of interest thereon, means the date specified in such Note as the fixed date on which the principal amount of such Note or such installment of interest is due and payable and (ii) any other Debt or any installment of interest thereon, means the date specified in the instrument governing such Debt as the fixed date on which the principal of such Debt or such installment of interest is due and payable.

        "Subsidiary" of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.

        "Subsidiary Guarantor" means each Subsidiary of the Company that is a Guarantor.

        "Swap Contract" means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross- currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including, without limitation, any fuel price caps and fuel price collar or floor agreements and similar agreements or arrangements designed to protect against or manage fluctuations in fuel prices and any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, but excluding fixed price commodity purchase contracts entered into with commodity suppliers in the ordinary course of business and not for speculative purposes, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such

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master agreement, together with any related schedules, a "Master Agreement"), including any such obligations or liabilities under any Master Agreement.

        "Synthetic Lease Obligations" means any monetary obligation of a Person under (i) a so-called synthetic, off-balance sheet or tax retention lease, or (ii) an agreement for the use or possession of property (including Sale and Leaseback Transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the application of any bankruptcy or insolvency laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

        "Voting Interests" means, with respect to any Person, securities of any class or classes of Capital Interests in such Person entitling the holders thereof generally to vote on the election of members of the Board of Directors or comparable body of such Person.

BOOK-ENTRY, DELIVERY AND FORM

        Except as set forth below, new notes will be issued in registered, global form in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof without interest coupons (the "Global Notes"). The Global Notes will be deposited upon issuance with the trustee, as custodian for The Depository Trust Company ("DTC"), in New York, New York, and registered in the name of DTC or its nominee, in each case for credit to an account of a direct or indirect participant in DTC as described below.

The Global Notes

        We expect that, pursuant to procedures established by DTC, (i) upon the issuance of the Global Notes, DTC or its custodian will credit, on its internal system, the principal amount at maturity of the individual beneficial interests represented by such Global Notes to the respective accounts of persons who have accounts with such depositary ("participants") and (ii) ownership of beneficial interests in the Global Notes will be shown on, and the transfer of such ownership will be effected only through, records maintained by DTC or its nominee (with respect to interests of participants) and the records of participants (with respect to interests of persons other than participants). Initially, ownership of beneficial interests in the Global Notes will be limited to participants or persons who hold interests through participants. Holders may hold their interests in the Global Notes directly through DTC if they are participants in such system, or indirectly through organizations that are participants in such system.

        So long as DTC or its nominee is the registered owner or holder of the new notes, DTC or such nominee, as the case may be, will be considered the sole owner or holder of the new notes represented by such Global Notes for all purposes under the indenture. No beneficial owner of an interest in the Global Notes will be able to transfer that interest except in accordance with DTC's procedures, in addition to those provided for under the indenture with respect to the new notes.

        Payments of the principal of, and premium (if any) and interest on, the Global Notes will be made to DTC or its nominee, as the case may be, as the registered owner thereof. None of us, the trustee or any paying agent will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in the Global Notes or for maintaining, supervising or reviewing any records relating to such beneficial ownership interest.

        We expect that DTC or its nominee, upon receipt of any payment of principal of, and premium (if any) and interest on the Global Notes, will credit participants' accounts with payments in amounts proportionate to their respective beneficial interests in the principal amount of the Global Notes as shown on the records of DTC or its nominee. We also expect that payments by participants to owners of beneficial interests in the Global Notes held through such participants will be governed by standing instructions and customary practice, as is now the case with securities held for the accounts of customers registered in the names of nominees for such customers. Such payments will be the responsibility of such participants.

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        Transfers between participants in DTC will be effected in the ordinary way through DTC's same-day funds system in accordance with DTC rules and will be settled in same-day funds. If a holder requires physical delivery of a Certificated Security, such holder must transfer its interest in a Global Note, in accordance with the normal procedures of DTC and with the procedures set forth in the indenture governing the new notes.

        DTC has advised us that it will take any action permitted to be taken by a holder of new notes only at the direction of one or more participants to whose account the DTC interests in the Global Notes are credited and only in respect of such portion of the aggregate principal amount of new notes as to which such participant or participants has or have given such direction. However, if there is an event of default under the indenture, DTC will exchange the Global Notes for Certificated Securities (as defined below), which it will distribute to its participants.

        DTC has advised us as follows: DTC is a limited-purpose trust company organized under New York banking law, a "banking organization" within the meaning of the New York banking law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for issues of U.S. and non-U.S. equity, corporate and municipal debt issues that participants deposit with DTC. DTC also facilitates the post-trade settlement among participants of sales and other securities transactions in deposited securities through electronic computerized book-entry transfers and pledges between participants' accounts. This eliminates the need for physical movement of securities certificates. Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations and certain other organizations. Access to the DTC system is also available to indirect participants such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies and clearing corporations that clear through or maintain a custodial relationship with a participant, either directly or indirectly.

        Although DTC has agreed to the foregoing procedures in order to facilitate transfers of interests in the Global Notes among participants of DTC, it is under no obligation to perform such procedures, and such procedures may be discontinued at any time. None of us, the trustee or any paying agent will have any responsibility for the performance by DTC or its participants or indirect participants of their respective obligations under the rules and procedures governing their operations.

Certificated Securities

        A Global Note is exchangeable for certificated notes in fully registered form without interest coupons ("Certificated Securities") only in the following limited circumstances:

    DTC notifies us that it is unwilling or unable to continue as depositary for the Global Notes and we fail to appoint a successor depositary within 30 days of such notice;

    we determine in our sole discretion at any time not to have all of the new notes represented by Global Notes; or

    there shall have occurred and be continuing an event of default with respect to the new notes under the indenture.

        The laws of some states require that certain persons take physical delivery in definitive form of securities that they own. Consequently, the ability to transfer the new notes will be limited to such extent.

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MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS

        This summary of U.S. federal income tax considerations was written to support the offer to holders of the original notes to exchange for new notes. This summary is not intended or written to be legal or tax advice to any person, and is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any tax-related penalties that may be imposed on such person. No representation with respect to the consequences to any particular purchaser of the new notes is made. Prospective purchasers should consult their own tax advisors with respect to their particular circumstances.

        The following is a summary of certain material U.S. federal income tax consequences of the exchange offer to holders of the original notes. The discussion does not consider the aspects of the ownership and disposition of the original notes or the new notes. A discussion of the U.S. federal income tax consequences of holding and disposing of the notes is contained in the prospectus with respect to the original notes.

        This summary is based upon provisions of the Internal Revenue Code of 1986, or the Code, applicable regulations, published positions of the Internal Revenue Service, or the IRS, administrative rulings and judicial decisions in effect as of the date offering memorandum, any of which may subsequently be changed, possibly retroactively, or interpreted differently by the IRS so as to result in U.S. federal income tax consequences different from those discussed below. The authorities on which this discussion is based are subject to various interpretations, and it is therefore possible that the federal income tax treatment of the purchase, ownership and disposition of the notes may differ from the treatment described below.

        The following summary deals only with notes held as capital assets by purchasers at the issue price who are U.S. holders and not with special classes of holders, such as:

    Dealers in securities or currencies, financial institutions, regulated investment companies, real estate investment trusts, tax-exempt entities, and insurance companies;

    "Passive foreign investment companies," "controlled foreign corporations," and corporations that accumulate earnings to avoid U.S. federal income tax;

    Persons holding notes as a part of a hedging, integrated, conversion or constructive sale transaction, a straddle, or other risk reduction strategy; or

    Persons whose functional currency is not the U.S. dollar.

        Persons considering the exchanging original notes for new notes should consult their own tax advisors concerning these matters and as to the tax treatment under foreign, state and local tax laws and regulations. We cannot provide any assurance that the Internal Revenue Service will not challenge the conclusions stated below. We have not sought and will not seek a ruling from the IRS on any of the matters discussed below.

        The exchange of original notes for the new notes under the terms of the exchange offer should not constitute a taxable exchange. As a result:

    A holder should not recognize taxable gain or loss as a result of exchanging original notes for the new notes under the terms of the exchange offer;

    The holder's holding period of the new notes should include the holding period of the original notes exchanged for the new notes; and

    A holder's adjusted tax basis in the new notes should be the same as the adjusted tax basis, immediately before the exchange, of the original notes exchanged for the new notes.

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PLAN OF DISTRIBUTION

        Each broker-dealer that receives new notes in the exchange offer for its own account must acknowledge that it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of such notes. We reserve the right in our sole discretion to purchase or make offers for, or to offer new notes for, any original notes that remain outstanding subsequent to the expiration of the exchange offer pursuant to this prospectus or otherwise and, to the extent permitted by applicable law, purchase original notes in the open market, in privately negotiated transactions or otherwise. This prospectus, as it may be amended or supplemented from time to time, may be used by all persons subject to the prospectus delivery requirements of the Securities Act, including broker-dealers in connection with resales of new notes received in exchange for original notes in the exchange offer, where such original notes were acquired as a result of market making activities or other trading activities and may be used by us to purchase any original notes outstanding after expiration of the exchange offer. We have agreed that, for a period of 180 days from the date on which the exchange offer is completed, we will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until                , 2010, all dealers effecting transactions in the new notes may be required to deliver a prospectus.

        We will not receive any proceeds from any sale of new notes by broker-dealers. New notes received by broker-dealers in the exchange offer for their own account may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the new notes or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer and/or the purchasers of any such new notes. Any broker-dealer that resells new notes that were received by it in the exchange offer for its own account and any broker or dealer that participates in a distribution of such new notes may be deemed to be an "underwriter" within the meaning of the Securities Act and any profit on any such resale of such new notes and any commissions or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The accompanying letter of transmittal states that, by acknowledging that it will deliver and by delivering a prospectus meeting the requirements of the Securities Act, a broker-dealer will not be deemed to admit that it is an "underwriter" within the meaning of the Securities Act.

        For a period of 180 days from the date on which the exchange offer is completed, we will promptly send additional copies of this prospectus and any amendment or supplement to this prospectus to any broker-dealer that requests such documents in the accompanying letter of transmittal. We have agreed to pay all expenses incident to the exchange offer, including the reasonable fees and expenses of counsel to the initial purchaser of the original notes, other than commissions or concessions of any brokers or dealers and will indemnify holders of the notes, including any broker-dealers, against certain liabilities, including liabilities under the Securities Act.

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LEGAL MATTERS

        The validity of the new notes and guarantees will be passed upon by Foley & Lardner LLP.

EXPERTS

        The consolidated financial statements of Oshkosh Corporation and subsidiaries (the "Company") as of September 30, 2009 and 2008, and for each of the three years in the period ended September 30, 2009, and the related financial statement schedule, incorporated in this prospectus by reference from the Company's Current Report on Form 8-K dated March 30, 2010, and the effectiveness of the Company's internal control over financial reporting as of September 30, 2009, have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their reports, which reports (1) express an unqualified opinion on the consolidated financial statements and financial statement schedule and include an explanatory paragraph referring to the Company's adoption of new accounting guidance on the accounting for uncertainty of income taxes on October 1, 2007, and (2) express an unqualified opinion on the effectiveness of internal control over financial reporting. Such consolidated financial statements and financial statement schedule have been so incorporated in reliance upon the reports of such firm given upon their authority as experts in accounting and auditing.

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WHERE YOU CAN FIND MORE INFORMATION

        We file annual, quarterly and current reports, proxy statements and other information with the SEC (File No. 001-31371). We also filed a registration statement on Form S-4, including exhibits, under the Securities Act of 1933 with respect to the new notes offered by this prospectus. This prospectus is part of the registration statement, but does not contain all of the information included in the registration statement or the exhibits to the registration statement. You may read and copy the registration statement and any other document that we file with the SEC at the SEC's Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. You may call the SEC at 1-800-SEC-0330 for further information on the Public Reference Room. Our SEC filings are also available to the public at the SEC's web site at http://www.sec.gov.

        We are "incorporating by reference" specified documents that we file with the SEC, which means:

    incorporated documents are considered part of this prospectus;

    we are disclosing important information to you by referring you to those documents; and

    information we file with the SEC will automatically update and supersede information contained in this prospectus.

        We incorporate by reference the documents listed below and any future filings we make with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 after the date of this prospectus and before the end of the offering of the securities pursuant to this prospectus:

    our Annual Report on Form 10-K for the fiscal year ended September 30, 2009, as amended by our Current Reports on Form 8-K dated February 22, 2010 and March 30, 2010;

    our Quarterly Report on Form 10-Q for the quarter ended December 31, 2009, as amended by our Current Report on Form 8-K dated March 30, 2010; and

    our Current Reports on Form 8-K dated October 26, 2009, November 5, 2009, November 20, 2009, February 22, 2010, March 1, 2010, March 3, 2010 and March 30, 2010.

Notwithstanding the foregoing, information furnished under Items 2.02 and 7.01 of any Current Report on Form 8-K, including the related exhibits under Item 9.01, is not incorporated by reference in this prospectus.

        You may request a copy of any of these filings, at no cost, by request directed to us at the following address or telephone number:

Oshkosh Corporation
2307 Oregon Street
P.O. Box 2566
Oshkosh, Wisconsin 54903-2566
(920) 235-9151
Attention: Secretary

        You can also find these filings on our website at www.oshkoshcorporation.com. However, we are not incorporating the information on our website other than these filings into this prospectus.

        You should not assume that the information in this prospectus and/or other offering material, as well as the information we file or previously filed with the SEC that we incorporate by reference in this prospectus and/or other offering material, is accurate as of any date other than its respective date. Our business, financial condition, results of operations and prospects may have changed since that date.

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GRAPHIC

Oshkosh Corporation

OFFER TO EXCHANGE ALL OUTSTANDING

$250,000,000 81/4% Senior Notes due 2017
$250,000,000 81/2% Senior Notes due 2020

FOR NEW, REGISTERED

$250,000,000 81/4% Senior Notes due 2017
$250,000,000 81/2% Senior Notes due 2020



PROSPECTUS



March     , 2010


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PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 20.    Indemnification of Directors And Officers.

        Article VII of the Oshkosh Corporation's (the "Company") By-Laws requires that it must, to the fullest extent permitted or required by the Wisconsin Business Corporation Law ("WBCL"), including any amendments to the WBCL (but only to the extent an amendment permits or requires us to provide broader indemnification rights than prior to the amendment), indemnify the Company's directors and officers against any and all liabilities, and pay or reimburse any and all properly documented reasonable expenses, incurred in any proceedings to which any director or officer is a party because he or she is or was a director or officer. The Company must also indemnify an employee who is not a director or officer, to the extent that the employee has been successful on the merits or otherwise in defense of a proceeding, for all expenses incurred in the proceeding if the employee was a party because he or she is or was an employee. The Company may, but is not required to, supplement the rights to indemnification against liabilities and allowance of expenses under this paragraph by the purchase of insurance on behalf of any one or more of the directors, officers or employees, whether or not it would be required or permitted to indemnify or allow expenses to a director, officer or employee.

        The indemnification provided by the WBCL and the Company's By-Laws is not exclusive of any other rights to which a director or officer may be entitled. The general effect of the indemnification provisions may be to reduce the circumstances in which an officer or director may be required to bear the economic burden of the liabilities and expense.

        The Company maintains a liability insurance policy for its directors and officers as permitted by Wisconsin law that may extend to, among other things, liability arising under the Securities Act of 1933.

Item 21.    Exhibits and Financial Statement Schedules.

        (a)   The exhibits filed herewith or incorporated herein by reference are set forth in the attached Exhibit Index, which is incorporated herein by reference.

        (b)   All of the financial statement schedules for which provision is made in the applicable accounting regulations of the Commission are not required under the applicable instructions or are not applicable and therefore have been omitted.

Item 22.    Undertakings.

        (a)   Each of the undersigned registrants hereby undertakes:

    (1)
    To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

    (i)
    To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

    (ii)
    To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price

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        set forth in the "Calculation of Registration Fee" table in the effective registration statement;

      (iii)
      To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.

    (2)
    That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

    (3)
    To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

    (4)
    That, for the purpose of determining liability of the registrants under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, each of the undersigned registrants undertakes that in a primary offering of securities of such undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, such undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

    (i)
    Any preliminary prospectus or prospectus of such undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

    (ii)
    Any free writing prospectus relating to the offering prepared by or on behalf of such undersigned registrant or used or referred to by such undersigned registrant;

    (iii)
    The portion of any other free writing prospectus relating to the offering containing material information about such undersigned registrant or its securities provided by or on behalf of such undersigned registrant; and

    (iv)
    Any other communication that is an offer in the offering made by such undersigned registrant to the purchaser.

        (b)   Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrants pursuant to the foregoing provisions, or otherwise, the registrants have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by a registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, such registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

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        (c)   Each of the undersigned registrants hereby undertakes to respond to requests for information that is incorporated by reference into the prospectus pursuant to Items 4, 10(b), 11, or 13 of this Form, within one business day of receipt of such request, and to send the incorporated documents by first class mail or other equally prompt means. This includes information contained in documents filed subsequent to the effective date of the registration statement through the date of responding to the request.

        (d)   Each of the undersigned registrants hereby undertakes to supply by means of post-effective amendment all information concerning a transaction, and the company being acquired involved therein, that was not the subject of and included in the registration statement when it became effective.

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SIGNATURES

        Pursuant to the requirements of the Securities Act, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Oshkosh, State of Wisconsin, on March 30, 2010.

    OSHKOSH CORPORATION

 

 

By:

 

/s/ DAVID M. SAGEHORN

David M. Sagehorn
Executive Vice President and
Chief Financial Officer

        Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

Signature
 
Title
 
Date

 

 

 

 

 

 

 
/s/ ROBERT G. BOHN

Robert G. Bohn
  Chairman and Chief Executive Officer (Principal Executive Officer)   March 30, 2010

/s/ DAVID M. SAGEHORN

David M. Sagehorn

 

Executive Vice President and Chief Financial Officer (Principal Financial Officer)

 

March 30, 2010

/s/ THOMAS J. POLNASZEK

Thomas J. Polnaszek

 

Senior Vice President, Finance and Controller (Principal Accounting Officer)

 

March 30, 2010

*

J. William Andersen

 

Director

 

March 30, 2010

*

Richard M. Donnelly

 

Director

 

March 30, 2010

*

Frederick M. Franks, Jr.

 

Director

 

March 30, 2010

*

Michael W. Grebe

 

Director

 

March 30, 2010

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Signature
 
Title
 
Date

 

 

 

 

 

 

 
*

John J. Hamre
  Directors   March 30, 2010

*

Kathleen J. Hempel

 

Director

 

March 30, 2010

*

Harvey N. Medvin

 

Director

 

March 30, 2010

*

J. Peter Mosling Jr.

 

Director

 

March 30, 2010

*

Craig P. Omtvedt

 

Director

 

March 30, 2010

*

Richard G. Sim

 

Director

 

March 30, 2010

/s/ CHARLES L. SZEWS

Charles L. Szews

 

Director, President and Chief Operating Officer

 

March 30, 2010

*By:

 

/s/ DAVID M. SAGEHORN

David M. Sagehorn
Attorney-in-fact

 

 

 

 

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SIGNATURES

        Pursuant to the requirements of the Securities Act, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Oshkosh, State of Wisconsin, on March 30, 2010.

 
   
   
    ACCESS FINANCIAL SOLUTIONS, INC.
AUDUBON MANUFACTURING CORPORATION
CONCRETE EQUIPMENT COMPANY, INC.
FULTON INTERNATIONAL, INC.
IOWA CONTRACT FABRICATORS, INC.
IOWA MOLD TOOLING CO., INC.
JERRDAN CORPORATION
JLG EQUIPMENT SERVICES, INC.
JLG INDUSTRIES, INC.
JLG OMNIQUIP, INC.
KEWAUNEE FABRICATIONS, L.L.C.
McNEILUS COMPANIES, INC.
McNEILUS FINANCIAL, INC.
McNEILUS TRUCK AND MANUFACTURING, INC.
MEDTEC AMBULANCE CORPORATION
OSHKOSH SPECIALTY VEHICLES, INC.
PIERCE MANUFACTURING INC.
VIKING TRUCK & EQUIPMENT SALES, INC.

 

 

By:

 

/s/ DAVID M. SAGEHORN

David M. Sagehorn
Executive Vice President and
Chief Financial Officer

        Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

Signature
 
Title
 
Date

 

 

 

 

 
/s/ CHARLES L. SZEWS

Charles L. Szews
  Director, Chief Operating Officer
(Principal Executive Officer)
  March 30, 2010

/s/ DAVID M. SAGEHORN

David M. Sagehorn

 

Director, Executive Vice President and Chief Financial Officer
(Principal Financial Officer)

 

March 30, 2010

/s/ THOMAS J. POLNASZEK

Thomas J. Polnaszek

 

Senior Vice President, Finance and Controller
(Principal Accounting Officer)

 

March 30, 2010

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EXHIBIT INDEX

EXHIBIT
NUMBER
  DESCRIPTION
  3.1   Amended and Restated Articles of Incorporation of Oshkosh Corporation (incorporated by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 (File No. 1-31371)).

 

3.2

 

Oshkosh Corporation By-Laws, as amended and restated effective November 17, 2009 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K, dated November 20, 2009 (File No. 1-31371)).

 

3.3

 

Articles of Incorporation of Access Financial Solutions, Inc.

 

3.4

 

By-Laws of Access Financial Solutions, Inc.

 

3.5

 

Articles of Incorporation of Audubon Manufacturing Corporation.

 

3.6

 

By-Laws of Audubon Manufacturing Corporation.

 

3.7

 

Revised Articles of Incorporation of Concrete Equipment Company, Inc.

 

3.8

 

By-Laws of Concrete Equipment Company, Inc.

 

3.9

 

Restated Certificate of Incorporation of Fulton International, Inc.

 

3.10

 

By-Laws of Fulton International, Inc.

 

3.11

 

Articles of Incorporation of Iowa Contract Fabricators, Inc.

 

3.12

 

By-Laws of Iowa Contract Fabricators, Inc.

 

3.13

 

Certificate of Incorporation of Iowa Mold Tooling Co., Inc.

 

3.14

 

By-Laws of Iowa Mold Tooling Co., Inc.

 

3.15

 

Certificate of Incorporation of JerrDan Corporation.

 

3.16

 

By-Laws of JerrDan Corporation.

 

3.17

 

Articles of Incorporation of JLG Equipment Services, Inc.

 

3.18

 

By-Laws of JLG Equipment Services, Inc.

 

3.19

 

Articles of Incorporation of JLG Industries, Inc.

 

3.20

 

Amended and Restated By-Laws of JLG Industries, Inc.

 

3.21

 

Certificate of Incorporation of JLG OmniQuip, Inc.

 

3.22

 

By-Laws of JLG OmniQuip, Inc.

 

3.23

 

Articles of Organization of Kewaunee Fabrications, L.L.C.

 

3.24

 

Members Agreement of Kewaunee Fabrications, L.L.C.

 

3.25

 

Articles of Incorporation of McNeilus Companies, Inc.

 

3.26

 

By-Laws of McNeilus Companies, Inc.

 

3.27

 

Articles of Incorporation of McNeilus Financial, Inc.

 

3.28

 

By-Laws of McNeilus Financial, Inc.

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EXHIBIT
NUMBER
  DESCRIPTION
  3.29   Restated and Amended Articles of Incorporation of McNeilus Truck and Manufacturing, Inc.

 

3.30

 

By-Laws of McNeilus Truck and Manufacturing, Inc.

 

3.31

 

Articles of Incorporation of Medtec Ambulance Corporation.

 

3.32

 

By-Laws of Medtec Ambulance Corporation.

 

3.33

 

Articles of Incorporation of Oshkosh Specialty Vehicles, Inc.

 

3.34

 

By-Laws of AK Acquisition Corp.

 

3.35

 

Restated Articles of Incorporation of Pierce Manufacturing Inc.

 

3.36

 

By-Laws of Pierce Manufacturing Inc.

 

3.37

 

Articles of Incorporation of Viking Truck & Equipment Sales, Inc.

 

3.38

 

By-Laws of Viking Truck & Equipment Sales, Inc.

 

4.1

 

Indenture, dated March 3, 2010, by and among the Company, the Guarantors party thereto and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K, dated March 3, 2010 (File No. 001-31371)).

 

4.2

 

Form of New 81/4% Senior Notes due 2017.

 

4.3

 

Form of New 81/2% Senior Notes due 2020.

 

4.4

 

Registration Rights Agreement, dated March 3, 2010, by and among the Company, the Guarantors party thereto and Banc of America Securities LLC, as representative of the initial purchasers named therein (incorporated by reference to Exhibit 4.2 to the Company's Current Report on Form 8-K, dated March 3, 2010 (File No. 001-31371)).

 

4.5

 

Credit Agreement, dated December 6, 2006, among Oshkosh Corporation, the financial institutions party thereto and Bank of America, N.A., as administrative agent (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K, dated December 6, 2006 (File No. 1-31371)).

 

4.6

 

Second Amendment, dated as of March 6, 2009, entered into by Oshkosh Corporation, Bank of America, N.A., as administrative agent and the lenders party thereto (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K, dated March 9, 2009 (File No. 1-31371)).

 

5.1

 

Opinion of Foley & Lardner LLP.

 

12.1

 

Statement of Computation of Ratio of Earnings to Fixed Charges.

 

23.1

 

Consent of Deloitte & Touche LLP.

 

23.2

 

Consent of Foley & Lardner LLP (contained in Exhibit 5.1).

 

24.1

 

Powers of Attorney.

 

25.1

 

Form T-1 Statement of Eligibility and Qualification under the Trust Indenture Act of 1939 of Wells Fargo Bank, National Association.

 

99.1

 

Form of Letter of Transmittal.

 

99.2

 

Form of Notice of Guaranteed Delivery.

 

99.3

 

Form of Letter to Registered Holder and/or DTC Participant from Beneficial Owners.

E-2



EX-3.3 2 a2197340zex-3_3.htm EX-3.3

Exhibit 3.3

 

ARTICLES OF INCORPORATION
OF
ACCESS FINANCIAL SOLUTIONS, INC.

 

* * * *

 

FIRST:  WE, THE UNDERSIGNED, Marilyn Lizzio, whose post-office address is 918 - 16th Street, N.W., Washington, D.C. 20006, Richard T. Rizzi, whose post-office address is 918 - 16th Street, N.W., Washington, D.C. 20006, and Kathryn H. Stevenson, whose post-office address is 918 - 16th Street, N.W., Washington, D.C. 20006, each being at least eighteen years of age, do under and by virtue of the General Laws of the State of Maryland authorizing the formation of corporations, associate ourselves as incorporators with the intention of forming a corporation.

 

SECOND: The name of the corporation is Access Financial Solutions, Inc.

 

THIRD: The purposes for which the corporation is formed are: To engage in any or all lawful business for which corporations may be organized under the Maryland General Corporation Law.

 

FOURTH: The address of the principal office of the corporation in Maryland is 13224 Fountain Head Plaza, Hagerstown, Maryland 21742-2678.  The name of the resident agent of the corporation in this State is The Corporation Trust Incorporated, a corporation of this State, and the address of the resident agent is 300 East Lombard Street, Baltimore, Maryland 21202.

 

FIFTH: The total number of shares of stock which the corporation shall have authority to issue is one thousand (1,000) shares without par value, all of one class.

 

SIXTH: The number of directors of the corporation shall be three (3), which number may be changed in accordance to the by-laws of the corporation but shall never be less than three (3). The names of the directors who shall act until the first annual meeting or until their successors are duly chosen and qualify are:

 

John L. Grove, Paul K. Shockey and J. Robert Fries

 

SEVENTH: The following provisions are hereby adopted for the purpose of defining, limiting and regulating the powers of the corporation and of the directors and stockholders:

 

The Board of Directors may classify or reclassify any unissued stock from time to time by setting or changing the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, or terms or conditions of redemption of the stock.

 

The board of directors of the corporation is hereby empowered to authorize the issuance from time to time of shares of its stock of any class, whether now or hereafter

 



 

authorized, or securities convertible into shares of its stock of any class or classes, whether now or hereafter authorized.

 

Notwithstanding any provision of law requiring a greater proportion than a majority of the votes of all classes or of any class of stock entitled to be cast, to take or authorize any action, the corporation may take or authorize such action upon the concurrence of a majority of the aggregate number of the votes entitled to be cast thereon.

 

The corporation reserves the right from time to time to make any amendment of its charter, now or hereafter authorized by law, including any amendment which alters the contract rights, as expressly set forth in its charter, of any outstanding stock.

 

EIGHTH: The duration of the corporation shall be perpetual.

 

2


 


EX-3.4 3 a2197340zex-3_4.htm EX-3.4

Exhibit 3.4

 

BY-LAWS

 

of

 

ACCESS FINANCIAL SOLUTIONS, INC.

 

adopted

 

December 6, 2006

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Maryland shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Maryland changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Maryland, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation may have a seal as may be designated by resolution of the Board of Directors.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Maryland, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Maryland.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at

 

1



 

any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in

 

2



 

counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Maryland as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

3



 

Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

6



 

Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Maryland, shall make available at its Maryland registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the benefit of, a related organization, an organization in which the corporation has a financial

 

7



 

interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

8


 


EX-3.5 4 a2197340zex-3_5.htm EX-3.5

Exhibit 3.5

 

ARTICLES OF INCORPORATION

 

OF

 

AUDUBON MANUFACTURING CORPORATION

 

1.                                       The name of the corporation is Audubon Manufacturing Corporation.

 

2.                                       The number of shares of common stock that the corporation is authorized to issue is one hundred thousand (100,000).

 

3.                                       The street address of the corporation’s initial registered office in Iowa and the name of its initial registered agent at that office is:

 

John C. Rasmussen

Peters Law Firm, P.C.

233 Pearl Street

P.O. Box 1078

Council Bluffs, Iowa 51502

 

4.                                       The name and address of the incorporator is:

 

Joseph R. Vandenack

1701 County Road 6

Yutan, Nebraska 68073

 


 


EX-3.6 5 a2197340zex-3_6.htm EX-3.6

Exhibit 3.6

 

BY-LAWS

 

of

 

AUDUBON MANUFACTURING CORPORATION

 

adopted

 

November 1, 2004

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Iowa shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Iowa changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Iowa, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Iowa, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Iowa.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

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is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Iowa as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

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terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

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Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Iowa, shall make available at its Iowa registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

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benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

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EX-3.7 6 a2197340zex-3_7.htm EX-3.7

Exhibit 3.7

 

CONCRETE EQUIPMENT COMPANY, INC.

 

REVISED ARTICLES OF INCORPORATION

 

ARTICLE I

 

NAME

 

The name of the corporation is CONCRETE EQUIPMENT COMPANY, INC.

 

ARTICLE II

 

DURATION

 

The period of the corporation’s direction is perpetual.

 

ARTICLE IV

 

PURPOSE

 

The purpose for which the corporation is organized is the transaction of any or all lawful business for which corporations may be incorporated under the Nebraska Business Corporation Act.

 

ARTICLE IV

 

AUTHORIZED SHARES

 

The aggregate number of shares which the corporation shall have authority to issue is ten thousand (10,000) shares of common stock and the par value of each such share shall be one dollar ($1.00).

 

ARTICLE V

 

PREEMPTIVE RIGHTS

 

The shareholders of the corporation shall have no preemptive right to acquire either unissued or treasury shares of the corporation, whether now or hereafter authorized.

 



 

ARTICLE VI

 

REGISTERED OFFICE AND REGISTERED AGENT

 

The street address of the registered office of the corporation is Rural Route 1, Box 116, Yutan, Nebraska, 68073.  The name and street address of its registered agent is Roger H. Vandenack, Rural Route 1, Box 116, Yutan, Nebraska, 68073.

 

ARTICLE VII

 

ORIGINAL ARTICLES SUPERSEDED

 

These Revised Articles of Incorporation supersede the original Articles of Incorporation and any amendments thereto.

 

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EX-3.8 7 a2197340zex-3_8.htm EX-3.8

Exhibit 3.8

 

BY-LAWS

 

of

 

CONCRETE EQUIPMENT COMPANY, INC.

 

adopted

 

November 1, 2004

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Nebraska shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Nebraska changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Nebraska, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall not have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Nebraska, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Nebraska.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

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is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Nebraska as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

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terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

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treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

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Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Nebraska, shall make available at its Nebraska registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

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benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

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EX-3.9 8 a2197340zex-3_9.htm EX-3.9

Exhibit 3.9

 

RESTATED
CERTIFICATE OF INCORPORATION
OF
FULTON INTERNATIONAL, INC.

 

FIRST: The name of the corporation is Fulton International, Inc.

 

SECOND: The registered office of the corporation in the State of Delaware is located at 300 Delaware Avenue, Suite 317, Wilmington, County of New Castle 19899. The registered agent of the corporation at that address is the corporation itself.

 

THIRD: The purpose of the corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware.

 

FOURTH: The corporation shall have authority to issue three thousand (3,000) shares of common stock, $0.01 par value per share.

 

FIFTH: The corporation shall indemnify directors and officers of the corporation to the fullest extent permitted by law.

 

SIXTH: The directors of the corporation shall incur no personal liability to the corporation or its stockholders for monetary damages for any breach of fiduciary duty as a director; provided, however, that the directors of the corporation shall continue to be subject to liability (i) for any breach of their duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the General Corporation Law of the State of Delaware, or (iv) for any transaction from which the directors derived an improper personal benefit. In discharging the duties of their respective positions, the board of directors, committees of the board, individual directors and individual officers may, in considering the best interest of the corporation, consider the effects of any action upon employees, suppliers and customers of the corporation, communities in which officers or other establishments of the corporation are located, and all other pertinent factors. In addition, the personal liability of directors shall further be limited or eliminated to the fullest extent permitted by any future amendments to Delaware law.

 

SEVENTH: The business and affairs of the corporation shall be managed by or under the direction of the board of directors, the number of members of which shall be set forth in the bylaws of the corporation. The directors need not be elected by ballot unless required by the bylaws of the corporation.

 

EIGHTH: Meetings of the stockholders will be held within the State of Delaware. The books of the corporation will be kept (subject to the provisions contained in the General Corporation Law) in the State of Delaware at such place or places as may be designated from time to time by the board of directors or in the bylaws of the corporation.

 



 

NINTH: In the furtherance and not in limitation of the object, purposes and powers prescribed herein and conferred by the laws of the State of Delaware, the board of directors is expressly authorized to make, amend and repeal the bylaws.

 

TENTH: The corporation reserves the right to amend or repeal any provision contained in this Certificate of Incorporation in the manner now or hereinafter prescribed by the laws of the State of Delaware. All rights herein conferred are granted subject to this reservation.

 

ELEVENTH: The corporation shall have no power and may not be authorized by its stockholders or directors (i) to perform or omit to do any act that would prevent, inhibit, or cause the corporation to lose its status as a corporation exempt from the Delaware Corporation Income Tax under Section 1902(b)(8) of Title 30 of the Delaware Code, or under the corresponding provision of any subsequent law, or (ii) to conduct any activities in any state other than Delaware which could result in the corporation being subject to the taxing jurisdiction of any state other than Delaware.

 

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EX-3.10 9 a2197340zex-3_10.htm EX-3.10

Exhibit 3.10

 

BY-LAWS

 

 

of

 

FULTON INTERNATIONAL, INC.

 

adopted

 

 

December 6, 2006

 



 

Article I.  Offices.

 

Section 1.01                                Registered Office.  The registered office of the corporation in Delaware shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Delaware changing the registered office.

 

Section 1.02                                Other Offices.  The corporation may have such other offices, within or without the state of Delaware, as the directors shall, from time to time, determine.

 

Section 1.03                                Corporate Seal.  The corporation may have a seal as may be designated by resolution of the Board of Directors.

 

Article II.  Meetings of Shareholders.

 

Section 2.01                                Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Delaware, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Delaware.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02                                Regular Meetings.

 

(a)                                  Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)         At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03                                Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04                                Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at

 

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any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05                                Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06                                Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07                                Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08                                Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09                                Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in

 

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counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01                                General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02                                Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03                                Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Delaware as may be designated in the notice of such meeting.

 

Section 3.04                                Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05                                Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06                                Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07                                Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08                                Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09                                Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10                                Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11                                Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12                                Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01                                Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02                                Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03                                Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04                                Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05                                President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06                                Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07                                Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08                                Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09                                Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01                                Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02                                Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03                                Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04                                Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

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Article VI.  Distributions, Record Date.

 

Section 6.01                                Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02                                Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01                                Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02                                Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Delaware, shall make available at its Delaware registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03                                Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the benefit of, a related organization, an organization in which the corporation has a financial

 

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interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

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EX-3.11 10 a2197340zex-3_11.htm EX-3.11

Exhibit 3.11

 

ARTICLES OF INCORPORATION
OF
IOWA CONTRACT FABRICATORS, INC.

 

ARTICLE I

 

The name of this corporation shall be Iowa Contract Fabricators, Inc.

 

ARTICLE II

 

The nature of the business or objects or purpose to be transacted, promoted or carried on are to do any or all of the things herein mentioned as fully and to the same extent as natural persons might do, and in any part of the world, viz:

 

(A)                              This corporation is formed for and shall have general business purposes.

 

(B)                                In addition, but not in limitation of the above general business purposes, this corporation shall have the authority:

 

(1)                                  To let, hold, acquire, mortgage, sell and convey real estate and personal property necessary or convenient to the foregoing business, including the right to hold, acquire, mortgage, pledge or dispose of shares, bonds, securities and other evidences of indebtedness of any foreign or domestic corporation including its own, or of individuals; and including the right and authority to let, hold, acquire, mortgage, sell, convey and lease to others, real estate and personal property for any purpose whatsoever.

 

(2)                                  To apply for, obtain, register, lease, purchase or otherwise to acquire, and to hold, use, own, operate and introduce and to sell, assign or otherwise dispose of any trademarks, trade names, patents, inventions, improvements and processes used in connection with or secured under the Letters of Patent of the United States, or elsewhere or otherwise; and to use, exercise, develop, grant, license in respect of, or otherwise turn to account any such trademarks, patents, licenses or the like of any such property or rights.

 

(3)                                  To hold, purchase or otherwise acquire, to sell, assign, transfer, mortgage, pledge or otherwise dispose of shares of capital and bonds, debentures or evidences of indebtedness created by other corporations, including its own, and while the holder thereof to exercise all rights and privileges of ownership including the right to vote thereon.

 

(4)                                  To do and perform all of those things which are incidental to the foregoing business.

 



 

(5)                                  To do any and all things set forth in this Certificate of Incorporation and to do all of the things a corporation organized under the laws of the State of Minnesota to the extent and as fully as natural persons might do so far as may be permitted by law. Provided, however, nothing herein contained shall be deemed to authorize this corporation to carry on banking business.

 

ARTICLE III

 

This corporation shall have perpetual existence.

 

ARTICLE IV

 

The location and post office address of its registered office in this state shall be Rural Route, Box 144, Riceville, Iowa 50466, and its registered agent shall be Jewell Lossee.

 

ARTICLE V

 

The aggregate number of shares which this corporation shall have the authority to issue is 100,000 of the par value of $100.00 each, which shares shall be designated common shares, which shall be paid in at such times and in such amounts as the Board of Directors shall determine. No shareholder shall sell his shares or part with the title thereto except in the manner provided or to be provided by the By-Laws. The Board of Directors is authorized to fix or alter from time to time the dividend rate and the redemption or liquidation price of shares.

 

ARTICLE VI

 

(A)                              The management of this corporation shall be vested in a Board of Directors composed of not less than one or more than nine members.

 

(B)                                The directors and officers of the corporation shall hold their offices until their successors are elected and qualified.

 

ARTICLE VII

 

The Board of Directors is expressly authorized to make, alter, amend and rescind the By-Laws of the corporation, to designate one or more committees, each committee to consist of one or more of the Directors of the corporation, which to the extent provided in the resolution, or in the By-Laws, shall have and may exercise powers of the Board of Directors in the management of the business and affairs of the corporation. Such committee or committees shall have such name or names as may be stated in the By-Laws of the corporation or as may be determined from time to time by resolutions adopted by the Board of Directors. The Board of Directors shall further have the power to fill any vacancy in any executive office or Board of Directors, until the next annual meeting.

 

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ARTICLE VIII

 

The name and post office address of the incorporator of this corporation is: Paul V. Sween, 105 East Oakland Avenue, P. O. Box 366, Austin, Minnesota 55912.

 

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EX-3.12 11 a2197340zex-3_12.htm EX-3.12

Exhibit 3.12

 

BY-LAWS

 

 

of

 

IOWA CONTRACT FABRICATORS, INC.

 

adopted

 

 

February 10, 2003

 



 

Article I.  Offices.

 

Section 1.01                                Registered Office.  The registered office of the corporation in Iowa shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Iowa changing the registered office.

 

Section 1.02                                Other Offices.  The corporation may have such other offices, within or without the state of Iowa, as the directors shall, from time to time, determine.

 

Section 1.03                                Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01                                Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Iowa, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Iowa.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02                                Regular Meetings.

 

(a)                                  Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)                                 At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03                                Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04                                Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05                                Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06                                Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07                                Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08                                Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09                                Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

2



 

is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01                                General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02                                Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03                                Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Iowa as may be designated in the notice of such meeting.

 

Section 3.04                                Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05                                Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06                                Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07                                Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08                                Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09                                Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10                                Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11                                Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12                                Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01                                Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02                                Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03                                Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04                                Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05                                President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06                                Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07                                Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08                                Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09                                Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01                                Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02                                Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03                                Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04                                Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

6



 

Article VI.  Distributions, Record Date.

 

Section 6.01                                Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02                                Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01                                Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02                                Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Iowa, shall make available at its Iowa registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03                                Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

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benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

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EX-3.13 12 a2197340zex-3_13.htm EX-3.13

Exhibit 3.13

 

CERTIFICATE OF INCORPORATION
OF
IOWA MOLD TOOLING CO., INC.

 

FIRST:  The name of the corporation is Iowa Mold Tooling Co., Inc.

 

SECOND:  The registered office of the Corporation is 2711 Centerville Road, Suite 400, County of New Castle, Wilmington, DE 19808.  The name of its registered agent at such address is the Corporation Service Company.

 

THIRD:  The purpose of the Corporation is to engage in any lawful act or activity for which a corporation may be organized under the General Corporation Law of Delaware (the “General Corporation Law”).

 

FOURTH:  The aggregate number of shares that the Corporation shall have authority to issue is one thousand (1,000), consisting of one class only, designated as “Common Stock,” $0.01 par value per share.

 

FIFTH:  The name and mailing address of incorporator is as follows:

 

NAME

 

ADDRESS

 

 

 

Darren C Skinner

 

555 12th Street, N.W.

 

 

Washington, D.C. 20004

 

SIXTH:  Elections of directors need not be by written ballot.  Meetings of stockholders of the Corporation may be held within or without the State of Delaware as the Corporation’s Bylaws (the “Bylaws”) may provide.  An annual meeting of the stockholders of the Corporation for the election of directors and for the transaction of such other business as may come before the meeting shall be held at such time and place as shall be determined in accordance with the Bylaws.  The books of the Corporation may be kept (subject to any provision contained in the Delaware code or other applicable statutes) outside the State of Delaware at such place or places as may be designated from time to time by the Board of Directors or in the Bylaws.

 

SEVENTH:  The original Bylaws shall be adopted by the initial incorporator named herein.  Thereafter, the Board of Directors shall have the power, in addition to the stockholders, to make, amend, alter, or repeal the Bylaws.

 

EIGHTH:  Whenever a compromise or arrangement is proposed between this Corporation and its creditors or any class of them and/or between this Corporation and its stockholders or any class of them, any court of equitable jurisdiction within the State of Delaware may, on the application in a summary way of this Corporation or of any creditor or stockholder thereof or on the application of any receiver or receivers appointed for this Corporation in accordance with the laws of the State of Delaware or on the application of trustees in dissolution or of any receiver or receivers appointed for this Corporation in accordance with the laws of the State of Delaware, order a meeting of the creditors or class of

 



 

creditors and/or of the stockholders or class of stockholders of this Corporation, as the case may be, to be summoned in such manner as the said court directs.  If a majority in number representing three-fourths in value of the creditors or class of creditors and/or of the stockholders or class of stockholders of this Corporation, as the case may be, agree to any compromise or arrangement and to any reorganization of this Corporation as a consequence of such compromise or arrangement, the said compromise or arrangement and the said reorganization shall, if sanctioned by the court to which the said application has been made, be binding on all of the creditors or class of creditors and/or on all stockholders or class of stockholders, of this Corporation, as the case may be, and also on this Corporation.

 

NINTH:  To the maximum extent permitted by the laws of Delaware, a director of this Corporation shall have no personal liability to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, provided that this Article NINTH shall not eliminate or reduce the liability of a director in any case where such elimination or reduction is not permitted by law.  Any repeal or modification of this Article NINTH by the stockholders of the Corporation shall not adversely affect any right or protection of any director of the Corporation existing at the time of such repeal or modification.

 

TENTH:  (1)                                Each person who was or is made a party or is threatened to be made a party to or is otherwise involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (hereinafter a “proceeding”), by reason of the fact that he or she is or was a director or officer of the Corporation or that he or she, being at the time a director or officer of the Corporation, is or was serving at the request of the Corporation as a director, trustee, officer, employee or agent of another corporation or of a partnership, joint venture, trust, or other enterprise, including service with respect to an employee benefit plan (collectively, “Another Enterprise” or “Other Enterprise”), whether in either case the basis of such proceeding is alleged action or inaction in an official capacity as a director or officer of the Corporation, or as a director, trustee, officer, employee or agent of such Other Enterprise, or in any other capacity related to the Corporation or such Other Enterprise while so serving as a director, trustee, officer, employee or agent, shall be indemnified and held harmless by the Corporation to the fullest extent authorized by the General Corporation Law as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Corporation to provide broader indemnification rights than permitted prior thereto), against all expense, liability and loss (including without limitation attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement) reasonably incurred or suffered by such person in connection therewith if such person satisfied the applicable level of care to permit such indemnification under the General Corporation Law.  The persons indemnified by the paragraph (1) of this Article TENTH are hereinafter referred to as “Indemnitees.”  Such indemnification as to such alleged action or inaction shall continue as to an Indemnitee who has after such alleged action or inaction ceased to be director or officer of the Corporation, and shall inure to the benefit of the Indemnitee’s heirs, executors and administrators.  The right to indemnification conferred in this Article TENTH (a) shall be a contract right; (b) shall not be affected adversely as to any Indemnitee by an amendment of this Certificate of Incorporation with respect to any action or inaction occurring prior to such amendment; and (c) shall include the right to be paid by the Corporation, the expenses incurred in defending any such proceeding in advance of its final disposition (hereinafter an “advancement of expenses”), provided, however, that, if and to the extent the General

 

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Corporation Law requires, an advancement of expenses incurred by an Indemnitee shall be made only upon delivery to the Corporation of an undertaking (hereinafter an “Undertaking”), by or on behalf of such Indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal (hereinafter a “Final Adjudication”) that such Indemnitee is not entitled to be indemnified for such expense under this Article TENTH or otherwise.

 

(2)                                  If’ a claim under paragraph (1) of this Article TENTH is not paid in full by the Corporation within sixty (60) days after it has been received in writing by the Corporation, except in the case of a claim for an advancement of expenses, in which case the applicable period shall be twenty (20) days, the Indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim.  If successful in whole or in part in any such suit, or in a suit brought by the Corporation to recover an advancement of expenses pursuant to the terms of an Undertaking, the Indemnitee shall be entitled to be paid also the expenses of prosecuting such suit.  In (i) any suit brought by the Indemnitee to enforce a right of indemnification hereunder (but not in a suit brought by the Indemnitee to enforce a right to an advancement of expenses) it shall be a defense that, and (ii) in any suit by the Corporation to recover an advancement of expenses pursuant to the terms of an Undertaking, the Corporation shall be entitled to recover such expenses only upon a Final Adjudication that, the Indemnitee has not met the applicable standard of conduct set forth in the General Corporation Law.  Neither the failure of the Corporation (including the Board of Directors, independent legal counsel or its stockholders) to have made a determination prior to the commencement of such suit that indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the applicable standard of conduct set forth in the General Corporation Law, nor an actual determination by the Corporation (including the Board of Directors, independent legal counsel or its stockholders) that the Indemnitee has not met such applicable standard of conduct, shall create a presumption that the Indemnitee, be a defense to such suit.  In any suit brought by the Indemnitee to enforce a right to indemnification or to an advancement of expenses hereunder, or by the Corporation to recover an Undertaking, the burden of proving that the Indemnitee is not entitled to be indemnified, or to have or retain such advancement of expenses, under this Article TENTH or otherwise, shall be on the Corporation.

 

(3)                                  The rights to indemnification and to the advancement of expenses conferred in this Article TENTH shall not be exclusive of any other right which any person may have or hereafter acquire under any statute, this Certificate of Incorporation, any bylaw, agreement or vote of stockholders or disinterested directors or otherwise.

 

(4)                                  The Corporation may maintain insurance, at its expense, to protect itself and any director, trustee, officer, employee or agent of the Corporation or Another Enterprise against any expense, liability or loss, whether or not the Corporation would have the power to indemnify such person against such expense, liability or loss under the General Corporation Law.

 

(5)                                  The Corporation may, to the extent authorized from time to time by the Board of Directors, grant rights to indemnification, and to the advancement of expenses, to any employee or agent of the Corporation (or any person serving at the Corporation’s request as a director, trustee, officer, employee or agent of Another Enterprise) or to a person who is or was

 

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director, officer, employee or agent of any of the Corporation’s affiliates, predecessor or subsidiary corporations or of a constituent corporation absorbed by the Corporation in a consolidation or merger or who is or was serving at the request of such affiliate, predecessor or subsidiary corporation or of such constituent corporation as a director, officer employee or agent of Another Enterprise, in each case as determined by the Board of Directors to the fullest extent of the provisions of this Article TENTH in cases of the indemnification and advancement of expenses of directors and officers of the Corporation, or to any lesser extent (or greater, if permitted by law) determined by the Board of Directors.

 

ELEVENTH:  The Corporation shall have perpetual existence.

 

TWELFTH: The Corporation reserves the right to amend, alter, change or repeal any provision contained in this Certificate of Incorporation, in the manner now or hereafter prescribed by statute, and all rights conferred upon stockholders are granted subject to this reservation.  By a vote of the majority of the Board of Directors then in office, the Board may adopt a resolution providing that at any time prior to the filing of any such amendment with the Secretary of State of the State of Delaware, notwithstanding authorization of the proposed amendment by the stockholders, the Board of Directors may abandon such proposed amendment without further action by the stockholders.

 

4



EX-3.14 13 a2197340zex-3_14.htm EX-3.14

Exhibit 3.14

 

BY-LAWS

 

 

of

 

IOWA MOLD TOOLING CO., INC.

 

adopted

 

 

August 14, 2006

 



 

Article I.  Offices.

 

Section 1.01                                Registered Office.  The registered office of the corporation in Delaware shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Delaware changing the registered office.

 

Section 1.02                                Other Offices.  The corporation may have such other offices, within or without the state of Delaware, as the directors shall, from time to time, determine.

 

Section 1.03                                Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01                                Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Delaware, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Delaware.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02                                Regular Meetings.

 

(a)                                  Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)                                 At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03                                Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04                                Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 

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may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05                                Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06                                Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07                                Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08                                Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09                                Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

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is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01                                General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02                                Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03                                Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Delaware as may be designated in the notice of such meeting.

 

Section 3.04                                Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05                                Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06                                Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07                                Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

Section 3.08                                Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the

 

3



 

unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09                                Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10                                Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11                                Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12                                Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01                                Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02                                Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and terms of office as determined by the board of directors and not inconsistent therewith.  The term

 

4



 

president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03                                Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04                                Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05                                President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06                                Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07                                Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08                                Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The treasurer shall render to the president and the directors, whenever requested, an account of all

 

5



 

transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09                                Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01                                Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02                                Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03                                Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04                                Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

Article VI.  Distributions, Record Date.

 

Section 6.01                                Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

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Section 6.02                                Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01                                Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02                                Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Delaware, shall make available at its Delaware registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03                                Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or

 

7



 

employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

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EX-3.15 14 a2197340zex-3_15.htm EX-3.15

Exhibit 3.15

 

CERTIFICATE OF INCORPORATION
OF
JERRDAN CORPORATION

 

FIRST:  The name of the Corporation is JerrDan Corporation.

 

SECOND:  The registered office of the Corporation in the State of Delaware and New Castle County shall be 1201 Market Street, Suite 1600, Wilmington, Delaware 19801.  The registered agent at such address shall be PHS Corporate Services, Inc.

 

THIRD:  The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware.

 

FOURTH:  The total number of shares of stock which the Corporation shall have authority to issue is One Thousand (1,000) shares, all of which shall be common stock.  All such shares shall have a par value of $1.00.

 

FIFTH:  The name and mailing address of the incorporator is as follows:

 

Heather L. Reid

Pepper Hamilton LLP

3000 Two Logan Square

18th and Arch Streets

Philadelphia, Pennsylvania 19103

 

SIXTH:  Whenever a compromise or arrangement is proposed between this Corporation and its creditors or any class of them and/or between this Corporation and its stockholders or any class of them, any court of equitable jurisdiction within the State of Delaware may, on the application in a summary way of this Corporation or of any creditor or stockholder thereof or on the application of any receiver or receivers appointed for this Corporation under the provisions of Section 291 of Title 8 of the Delaware Code or on the application of trustees in dissolution or of any receiver or receivers appointed for this Corporation under the provisions Section 279 of Title 8 of the Delaware Code order a meeting of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this Corporation, as the case may be, to be summoned in such manner as the said court directs.  If a majority in number representing three-fourths in value of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this Corporation, as the case may be, agree to any compromise or arrangement and to any reorganization of this Corporation as a consequence of such compromise or arrangement, the said compromise or arrangement and the said reorganization shall, if sanctioned by the court to which the said application has been made, be binding on all the creditors or class of creditors, and/or on all the stockholders or class of stockholders, of this Corporation, as the case may be, and also on this Corporation.

 

SEVENTH:  A director of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director except for liability (i) for any breach of the director’s duty of loyalty to the corporation or its

 



 

stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the General Corporation Law of the State of Delaware, or (iv) for any transaction from which the director derived an improper personal benefit.  If the Delaware General Corporation Law is amended after the filing of the Certificate of Incorporation of which this article is a part to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent permitted by the Delaware General Corporation Law, as so amended.  Any repeal or modification of the foregoing paragraph by the stockholders of the Corporation shall not adversely affect any right or protection of a director of the Corporation existing at the time of such repeal or modification.

 

EIGHTH:  The original By-Laws of the Corporation shall be adopted by the incorporator.  Thereafter, the Directors of the Corporation than have the power to adopt, amend or repeal the bylaws of the Corporation.

 

NINTH:  The election of the directors of the Corporation need not be by written ballot unless the bylaws of the Corporation shall so provide.

 

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EX-3.16 15 a2197340zex-3_16.htm EX-3.16

Exhibit 3.16

 

BY-LAWS

 

of

 

JERRDAN CORPORATION

 

adopted

 

August 31, 2004

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Delaware shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Delaware changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Delaware, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Delaware, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Delaware.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

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is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Delaware as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

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Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Delaware, shall make available at its Delaware registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

7



 

benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

8



EX-3.17 16 a2197340zex-3_17.htm EX-3.17

Exhibit 3.17

 

ARTICLES OF INCORPORATION
OF
JLG EQUIPMENT SERVICES, INC.

 

1.                                       Name of corporation:  JLG Equipment Services, Inc.

 

2.                                       Address of registered office in Pennsylvania:  123 South Broad Street, c/o C T Corporation System, Philadelphia, Philadelphia County, Pennsylvania  19109.

 

3.                                       The purpose or purposes of the corporation:  to engage in any lawful act or activity, including manufacturing, for which corporations may be organized under the Pennsylvania Business Corporation Law.

 

4.                                       The aggregate number of shares, classes of shares and par value of shares which the corporation shall have authority to issue:  one thousand (1,000) common, no par.

 

5.                                       Term of existence:  perpetual.

 

6.                                       The name and address of each incorporator, and the number and class of shares subscribed to by each incorporator:

 

 

Name

 

Address

 

Number and
Class of Shares

 

Kathryn H. Stevenson

 

918 16th St., N.W., Washington, DC 20006

 

one (1) Common

 

 

 

 

 

 

 

Marilyn Lizzio

 

918 16th St., N.W., Washington, DC 20006

 

one (1) Common

 

 

 

 

 

 

 

Richard T. Rizzi

 

918 16th St., N.W., Washington, DC 20006

 

one (1) Common

 

7.                                       The names and street addresses of the initial board of directors are as follows:

 

 

Name

 

Address

 

John L. Grove

 

171 Apple Drive
Greencastle, Pennsylvania 17225

 

 

 

 

 

Paul K. Shockey

 

115 North First Street
McConnellsburg, Pennsylvania 17233

 

 

 

 

 

Charles H. Diller, Jr.

 

52 Obsidian Drive
Chambersburg, Pennsylvania 17201

 

The directors may make, alter, amend and repeal the by-laws subject to the power of the shareholders to change such action.

 

The shareholders shall have full preemptive rights to subscribe to any or all issues of shares or securities of the corporation.

 



EX-3.18 17 a2197340zex-3_18.htm EX-3.18

Exhibit 3.18

 

BY-LAWS

 

of

 

JLG EQUIPMENT SERVICES, INC.

 

adopted

 

December 6, 2006

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Pennsylvania shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Pennsylvania changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Pennsylvania, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation may have a seal as may be designated by resolution of the Board of Directors.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Pennsylvania, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Pennsylvania.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)   At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at

 

1



 

any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in

 

2



 

counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Pennsylvania as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

3



 

Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

6



 

Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Pennsylvania, shall make available at its Pennsylvania registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the benefit of, a related organization, an organization in which the corporation has a financial

 

7



 

interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

8



EX-3.19 18 a2197340zex-3_19.htm EX-3.19

Exhibit 3.19

 

ARTICLES
OF
INCORPORATION

 

1.             The name of the corporation is:  JLG INDUSTRIES, INC.

 

 

 

2.             The location and post office address of its initial registered office in this Commonwealth is:

42

East Baltimore St.

Greencastle

Franklin

 

Number

Street

 City

County

 

 

3.             The purpose of the corporation which shall be organized under this Act are as follows:  to manufacture all kinds and variety of mechanical appliances, instruments and machines and any and all process and products; to provide research, development, consultation, design, engineering and production services and to have the powers necessary and essential thereto as well as to engage in any other lawful act or activity for which corporation may be organized under Pennsylvania Business Corporation Law.

 

4.             The term of its existence is:  perpetual

 

 

 

5.             The aggregate number of shares which the corporation shall have authority to issue is Two Hundred Million

(200,000,000) shares $.20 par value capital stock with a total par value of Forty Million Dollars $40,000,000.

 

 

 

6.             The names and addresses of each of the first directors, who shall serve until the first annual meeting, are:

 

NAME

 

ADDRESS
(including street and number, if any)

John L. Grove

 

171 Apple Drive, Greencastle, Penna.

Paul K. Shockey

 

R.D.#3, Greencastle, Penna.

Benjamin A. Stevens

 

141 Apple Drive, Greencastle, Penna.

 

7.             The name and addresses of each of the incorporators and the number and class of shares subscribed by each are:

 

NAME

 

ADDRESS
(including street and number, if any)

 

NUMBER AND
CLASS OF SHARES

John L. Grove

 

171 Apple Drive
Greencastle, Penna.

 

10 sh capital

Paul K. Shockey

 

R.D.#3
Greencastle, Penna.

 

10 sh. capital

Benjamin A. Stevens

 

141 Apple Drive
Greencastle, Penna.

 

10 sh. capital

 

 

 

8.             Cumulative voting is not permitted in the election of directors of the Corporation.

 

 

 

9.             A.

Directors and officers as fiduciaries.  A director or officer of the Corporation shall stand in a fiduciary relation to the Corporation and shall

 



 

 

 

 

perform his or her duties as a director or officer, including his or her duties as a member of any committee of the Board upon which he or she may serve, in good faith, in a manner he or she reasonably believes to be in the best interests of the Corporation, and with such care, including reasonable inquiry, skill and diligence, as a person of ordinary prudence would use under similar circumstances.  In performing his or her duties, a director or officer shall be entitled to rely in good faith on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by:  one or more officers or employees of the Corporation whom the director or officer reasonably believes to be reliable and competent with respect to the matters presented; counsel, public accountants or other persons as to matters that the director or officer reasonably believes to be within the professional or expert competence of such person; or a committee of the Board of Directors upon which the director or officer does not serve, duly designated in accordance with law, as to matters within its designated authority, which committee the director or officer reasonably believes to merit confidence. A director or officer shall not be considered to be acting in good faith if he or she has knowledge concerning the matter in question that would cause his or her reliance to be unwarranted.  Absent breach of fiduciary duty, lack of good faith or self-dealing, actions taken as a director or officer of the Corporation or any failure to take any action shall be presumed to be in the best interests of the Corporation.

 

 

 

 

 

 

B.

Personal liability of directors.  A director of the Corporation shall not be personally liable, as such, for monetary damages (including, without limitation, any judgment, amount paid in settlement, penalty, punitive damages or expense of any nature including, without limitation, attorneys’ fees and disbursements) for any action taken, or any failure to take any action, unless the director has breached or failed to perform the duties of his or her office under these Articles, the By-Laws or applicable provisions of law, and the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness.

 

 

 

 

 

 

C.

Personal liability of officers.  An officer of the Corporation shall not be personally liable, as such, to the Corporation or its shareholders, for monetary damages (including, without limitation,  any judgment, amount paid in settlement, penalty, punitive damages or expense of any nature including, without limitation, attorneys’ fees and disbursements) for any action taken, or any failure to take any action, unless the officer has breached or failed to perform the duties of his or her office under these Articles, the By-Laws or applicable provisions of law, and the breach or failure to perform constitutes self-dealing, willful misconduct or recklessness.

 

 

 

 

 

 

D.

Interpretation of article.  The provisions of Sections B and C of this Article 9 shall not apply to the responsibility or liability of a director or

 

2



 

 

 

 

officer, as such, pursuant to any criminal statute or for the payment of taxes pursuant to local, state or federal law.  The provisions of this Article 9 have been adopted pursuant to the authority of section 204A(10) of the Pennsylvania Business Corporation Law, shall be effective as to any act or failure to act occurring on or after November 23, 1987, shall be deemed to be a contract with each director or officer of the Corporation who serves as such at any time while this Article is in effect, and each person who serves as a director or officer of the Corporation while this Article is in effect shall be deemed to be doing so in reliance on the provisions of this Article.  The provisions of this Article are cumulative of and shall be in addition to and independent of any and all other limitations on the liabilities of directors or officers of the Corporation, as such, or rights of indemnification by the Corporation, to which a director or officer of the Corporation may be entitled, whether such limitations or rights arise under or are created by any statute, rule of law, by-law, agreement, vote of shareholders or directors or otherwise.  No amendment to or repeal of this Article 9, nor the adoption of any provision of these Articles inconsistent with this Article, shall apply to or have any effect on the liability or alleged liability of any director or officer of the Corporation for or with respect to any acts or omissions of such director or officer occurring prior to such amendment, repeal or adoption of an inconsistent provision.  In any action, suit or proceeding involving the application of the provisions of this Article 9, the party or parties challenging the right of a director or officer to the benefits of this Article shall have the burden of proof.

 

3



EX-3.20 19 a2197340zex-3_20.htm EX-3.20

Exhibit 3.20

 

 

AMENDED AND RESTATED BYLAWS

 

OF

 

JLG INDUSTRIES, INC.

 

INCORPORATED UNDER THE LAWS

 

OF THE

 

COMMONWEALTH OF PENNSYLVANIA

 

Effective as of December 6, 2006

 

 



 

TABLE OF CONTENTS

 

 

 

PAGE

 

 

ARTICLE I OFFICES

1

Section 1.01.

Registered Office

1

Section 1.02.

Other Offices

1

 

 

 

ARTICLE II SEAL

1

Section 2.01.

Corporate Seal

1

 

 

 

ARTICLE III SHAREHOLDERS’ MEETINGS

1

Section 3.01.

Place of Meetings

1

Section 3.02.

Annual Meeting

1

Section 3.03.

Special Meetings

1

Section 3.04.

Notice of Meetings

2

Section 3.05.

Exception to Notice

2

Section 3.06.

Waiver of Notice

2

Section 3.07.

Quorum

3

Section 3.08.

Shareholders Entitled to Vote

3

Section 3.09.

Shareholders May Vote in Person or by Proxy

4

Section 3.10.

Elections of Directors; Voting

4

Section 3.11.

Voting

4

Section 3.12.

Voting Expenses

4

Section 3.13.

Voting Lists

4

Section 3.14.

Judges of Election

5

Section 3.15.

Adjournments; Notice of Adjournments

5

Section 3.16.

Informal Action by Shareholders

5

 

 

 

ARTICLE IV DIRECTORS

6

Section 4.01.

Number and Term of Office

6

Section 4.02.

Vacancies

6

Section 4.03.

Resignation

6

Section 4.04.

Place of Meetings

6

Section 4.05.

First Meeting

6

Section 4.06.

Regular Meetings

6

Section 4.07.

Special Meetings

7

Section 4.08.

Notice of Meetings

7

Section 4.09.

Exception to Notice

7

Section 4.10.

Waiver of Notice

7

Section 4.11.

Quorum

8

Section 4.12.

Voting Rights of Directors

8

Section 4.13.

Adjournment

8

Section 4.14.

Informal Action

8

Section 4.15.

General Powers

8

Section 4.16.

Executive Committee and Other Committees

8

Section 4.17.

Compensation of Directors

9

 

i



 

Section 4.18.

Removal of Directors

9

Section 4.19.

Liability of Directors

9

 

 

 

ARTICLE V OFFICERS, AGENTS AND EMPLOYEES

9

Section 5.01.

Officers

9

Section 5.02.

Agents or Employees

10

Section 5.03.

Salaries

10

Section 5.04.

Removal of Officers, Agents or Employees

10

Section 5.05.

Chairman of the Board and President; Powers and Duties

10

Section 5.06.

Vice President; Powers and Duties

11

Section 5.07.

Secretary; Powers and Duties

11

Section 5.08.

Treasurer; Powers and Duties

11

Section 5.09.

Delegation of Officer’s Duties

11

 

 

 

ARTICLE VI SHARES OF CAPITAL STOCK

12

Section 6.01.

Certificates of Shares

12

Section 6.02.

Registered Shareholders

12

Section 6.03.

Transfer of Shares

12

Section 6.04.

Restrictions on Transfer

12

Section 6.05.

Replacement of Certificates

12

 

 

 

ARTICLE VII RECORD DATE

13

Section 7.01.

Directors May Fix Record Date

13

Section 7.02.

Determination When No Record Date Fixed

13

Section 7.03.

Certification By Nominee

13

 

 

 

ARTICLE VIII DISTRIBUTIONS AND WORKING CAPITAL

13

Section 8.01.

Distributions

13

Section 8.02.

Reserve Fund

14

 

 

 

ARTICLE IX MISCELLANEOUS PROVISIONS

14

Section 9.01.

Corporate Records

14

Section 9.02.

Execution of Written Instruments

14

Section 9.03.

Financial Report

14

Section 9.04.

Indemnification of Directors and Officers

15

Section 9.05.

Indemnification of Authorized Representatives

16

Section 9.06.

Telecommunications

18

Section 9.07.

Masculine to Include Feminine and Neuter

19

 

 

 

ARTICLE X AMENDMENT OF BYLAWS

19

Section 10.01

Amendments

19

 

ii



 

AMENDED AND RESTATED BYLAWS

 

of

 

JLG INDUSTRIES, INC.
(a Pennsylvania corporation)

 

ARTICLE I
OFFICES

 

Section 1.01.          Registered Office.The registered office of the corporation in Pennsylvania shall be at the place designated in the Articles of Incorporation, subject to change upon notice to the Department of State as may be permitted by law.

 

Section 1.02.          Other Offices.The corporation may also have offices at such other places as the Board of Directors may from time to time appoint or as the business of the corporation may require.

 

ARTICLE II
SEAL

 

Section 2.01.          Corporate Seal.The corporate seal shall have inscribed thereon the name of the corporation, the year of its incorporation and the words “Corporate Seal Pennsylvania.”  Such seal may be used by causing it or a facsimile thereof to be impressed or affixed or in any manner reproduced.

 

ARTICLE III
SHAREHOLDERS’ MEETINGS

 

Section 3.01.          Place of Meetings.All meetings of the shareholders shall be held at the registered office of the corporation or at such other place, within or without the Commonwealth of Pennsylvania, as the Board of Directors or shareholders may from time to time determine.

 

Section 3.02.          Annual Meeting.An annual meeting of the shareholders shall be held in each calendar year at such time and on such date as shall be designated by resolution of the Board of Directors, not later than five (5) months after the end of the corporation’s fiscal year, for the election of directors and the transaction of such other business as may properly be brought before the meeting.  If a meeting for the election of directors shall not be called or held within six (6) months after the designated time, any shareholder may call such meeting at any time thereafter.

 

Section 3.03.          Special Meetings.

 

Special meetings of the shareholders may be called at any time by the President, or a majority of the Board of Directors, or the holder or holders of not less than one-fifth (or such smaller fraction

 



 

as may be provided by law in particular cases) of all the shares of the corporation outstanding and entitled to vote at the particular meeting.  If called by shareholders, such request shall be in writing delivered to the Secretary of the corporation and shall state the general nature of the proposed business to be transacted at the meeting.  It shall be the duty of the Secretary of the corporation to call such meeting to be held not more than sixty (60) days after the receipt of the request.  If the Secretary neglects or refuses to fix the time of the meeting, the person or persons calling the meeting may do so.

 

Section 3.04.          Notice of Meetings.Written notice of every meeting of the shareholders shall be given by or at the direction of the Secretary or other authorized person to each shareholder of record entitled to vote at the meeting, at least five (5) days prior to the date named for the meeting, unless a greater period of notice is required by law in a particular case.  Such notice need not be given to shareholders not entitled to vote at the meeting unless such shareholders are entitled by law to such notice in a particular case.  Notice shall be deemed to have been properly given to a shareholder when delivered to such shareholder personally, or when sent by first class or express mail, postage prepaid, or by telegram (with messenger service specified), telex or TWX (with answerback received) or courier service, charges prepaid, or by telecopier, to his address (or to his telex, TWX, telecopier or telephone number) appearing on the books of the corporation.  A certificate or affidavit by the Secretary or an Assistant Secretary or a transfer agent shall be prima facie evidence of the giving of any notice required by these Bylaws.  If the notice is sent by mail, telegraph or courier service, it shall be deemed to have been given to the person entitled thereto when deposited in the United States mail or with a telegraph office or courier service for delivery to such person or, in the case of telex, telecopier or TWX, when dispatched.  Such notice shall specify the place, day and hour of the meeting, and, in the case of a special meeting, shall state the general nature of the business to be transacted if and to the extent required by law.

 

Section 3.05.          Exception to Notice.Whenever any notice or communication is required to be given to a shareholder and communication with that shareholder is then unlawful, the giving of the notice or communication to that shareholder shall not be required and there shall be no duty to apply for a license or other permission to do so.  If the action taken is such as to require the filing of any document with respect thereto, it shall be sufficient, if such is the fact and if notice or communication is required, to state therein that notice or communication was given to all shareholders entitled to receive notice or communication except persons with whom communication was unlawful.  This exception shall also be applicable to any shareholder with whom the corporation has been unable to communicate for more than 24 consecutive months because communications to the shareholder are returned unclaimed or the shareholder has otherwise failed to provide the corporation with a current address.  Whenever the shareholder provides the corporation with a current address, this exception shall cease to be applicable to the shareholder.

 

Section 3.06.          Waiver of Notice.Whenever any written notice is required to be given to a shareholder under the provisions of applicable law, the Articles of Incorporation or these Bylaws, a waiver thereof in writing, signed by the person or persons entitled to notice either before or after the time stated therein, and whether before or after the meeting, shall be deemed equivalent to the giving of due notice.  Except as otherwise required by law, neither the business to be transacted at the meeting, nor the purpose of the meeting, need be specified in the

 

2



 

waiver of notice of such meeting.  Attendance of any person, either in person or by proxy, at any meeting shall constitute a waiver of notice of such meeting except where a person entitled to notice attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting was not lawfully called or convened.

 

Section 3.07.          Quorum.The presence, in person (including participation by telephone or similar communication as provided in Section 9.05 hereof) or by proxy, of the shareholders entitled to cast at least a majority of the votes which all shareholders are entitled to cast on the particular matter shall be requisite and shall constitute a quorum for the purpose of considering such matter at any meeting of the shareholders for the election of directors or for the transaction of other business except as otherwise required by statute or in these Bylaws.  The shareholders present at a duly organized meeting can continue to do business until adjournment, notwithstanding the withdrawal of enough shareholders to leave less than a quorum.  If, however, any meeting of shareholders cannot be organized because a quorum has not attended, the shareholders entitled to vote thereat present in person or by proxy shall have the power to adjourn the meeting to such time and place as they may determine, except that those shareholders entitled to vote who attend a meeting for the election of directors that has previously been adjourned for lack of a quorum, although less than a quorum as fixed by law or in these Bylaws, shall nevertheless constitute a quorum for the purpose of electing directors.

 

Section 3.08.          Shareholders Entitled to Vote.Unless otherwise provided in or pursuant to the Articles of Incorporation, every shareholder shall be entitled to one vote for every share standing in his name on the books of the corporation.  In the event the Board of Directors shall fix a time prior to the date of any meeting of shareholders as a record date for the determination of the shareholders entitled to notice of or to vote at any such meeting, such time, except in the case of an adjourned meeting, shall not be more than ninety (90) days prior to the date of the meeting of shareholders.  Only such shareholders as shall be shareholders of record on the date so fixed shall be entitled to notice of, or to vote at, such meeting notwithstanding any transfer of shares on the books of the corporation after such record date.  If a record date shall not be fixed by the Board of Directors for a particular shareholders’ meeting, the record date for determining shareholders entitled to notice of or to vote at a meeting of shareholders shall be at the close of business on the day next preceding the day on which notice is given or, if notice is waived, at the close of business on the day immediately preceding the day on which the meeting is held.

 

3



 

Section 3.09.          Shareholders May Vote in Person or by Proxy.Every shareholder entitled to vote may vote either in person or by proxy.  Every proxy shall be executed in writing by a shareholder, or by his duly authorized attorney-in-fact and filed with the Secretary of the corporation.  A proxy, unless coupled with an interest, shall be revocable at will, notwithstanding any other agreement or any provision in the proxy to the contrary, but the revocation of a proxy shall not be effective until notice thereof has been given to the Secretary of the corporation.  No unrevoked proxy shall be valid after eleven (11) months from the date of its execution, unless a longer time is expressly provided therein.  A proxy shall not be revoked by the death or incapacity of the maker unless, before the vote is counted or the authority is exercised, written notice of such death or incapacity is given to the Secretary of the corporation.  Where two or more proxies of a shareholder are present, the corporation shall, unless otherwise expressly provided in the proxy, accept as the vote of all shares represented thereby the vote cast by a majority of them and, if a majority of the proxies cannot agree whether the shares represented shall be voted or upon the manner of voting the shares, the voting of the shares shall be divided equally among those persons.

 

Section 3.10.          Elections of Directors; Voting.Elections for directors need not be by ballot except upon demand made by a shareholder at the election and before the voting begins.  The candidates for election as directors receiving the highest number of votes from each class or group of classes, if any, entitled to elect directors separately up to the number of directors to be elected by the class or group of classes shall be elected.  If at any meeting of shareholders, directors or more than one class are to be elected, each class of directors shall be elected in a separate election.  Shareholders shall not be entitled to cumulate votes in the election of directors.

 

Section 3.11.          Voting.Every holder of common stock of the corporation shall be entitled to one vote for every share of common stock standing in the name of the shareholder on the books of the corporation.  Except as otherwise required by law or these Bylaws, whenever any corporate action is to be taken by vote of the shareholders, it shall be authorized by a majority of the votes cast by the holders of shares entitled to vote thereon at a duly organized meeting of shareholders.

 

Section 3.12.          Voting Expenses.The corporation shall pay the reasonable expenses of solicitation of votes, proxies or consents of shareholders by or on behalf of the Board of Directors or its nominees for election to the Board, including solicitation by professional proxy solicitors and otherwise, and may pay the reasonable expenses of a solicitation by or on behalf of other persons.

 

Section 3.13.          Voting Lists.The officer or agent having charge of the transfer books for shares of the corporation shall make a complete list of the shareholders entitled to vote at the meeting, arranged in alphabetical order, with the address of and the number of shares held by each.  Such list shall be produced and kept open at the time and place of the meeting, and shall be subject to the inspection of any shareholder during the whole time of the meeting, except that if the corporation has five thousand or more shareholders, in lieu of the making of such list the corporation may make the information therein available by any other means.

 

4



 

Section 3.14.          Judges of Election.In advance of any meeting of shareholders, the Board of Directors may appoint Judges of Election, who may but need not be shareholders, to act at such meeting or any adjournment thereof.  If Judges of Election be not so appointed, the Chairman of any such meeting may, and on the request of any shareholder or his proxy shall, make such appointment at the meeting.  The number of Judges shall be one or three.  No person who is a candidate for office to be filled at the meeting shall act as a Judge.  In case any person appointed as Judge fails to appear or fails or refuses to act, the vacancy may be filled by appointment made by the Board of Directors in advance of the convening of the meeting, or at the meeting by the person acting as Chairman.  The Judges of Election shall do all such acts as may be proper to ascertain the existence of a quorum and the number of votes cast, and to conduct the election or vote with fairness to all shareholders.  They shall, if requested by the Chairman of the meeting or any shareholder or his proxy, make a written report of any matter determined by them and execute a certificate of any fact found by them.  If there be three Judges of Election the decision, act or certificate of a majority shall be effective in all respects as the decision, act or certificate of all.

 

Section 3.15.          Adjournments; Notice of Adjournments.Adjournments of any regular or special meeting may be taken, but any meeting at which directors are to be elected shall be adjourned only from day to day, or for such longer periods not exceeding fifteen (15) days each as the shareholders present and entitled to vote shall direct, until the directors have been elected.  Upon adjournment of an annual or special meeting of shareholders it shall not be necessary to give any notice of the adjourned meeting or of the business to be transacted thereat, other than by announcement at the meeting at which such adjournment is taken, unless the Board fixes a new record date for the adjourned meeting.  At any adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting originally called.

 

Section 3.16.          Informal Action by Shareholders.Any action required or permitted to be taken at a meeting of shareholders or of a class of shareholders may be taken without a meeting upon the written consent of shareholders who would have been entitled to cast the minimum number of votes that would be necessary to authorize the action at a meeting at which all shareholders entitled to vote thereon were present and voting.

 

5



 

ARTICLE IV
DIRECTORS

 

Section 4.01.          Number and Term of Office.The business and affairs of the corporation shall be managed under the direction of a board consisting of one or more members who shall be natural persons of full age.  Initially, the number of directors shall be at least two (2), and thereafter, it shall be such number as shall have been last specified by resolution (if any) of the Board of Directors or shareholders.  The number of directors may at any time be increased or decreased (subject to the minimum of one director) by a resolution duly adopted by the Board of Directors or shareholders, provided, however, that no decrease will have the effect of shortening the term of any incumbent director.  Directors need not be residents of Pennsylvania or shareholders in the corporation.  At each annual meeting the directors shall be elected by the shareholders to serve for the term of one (1) year and until their respective successors shall have been elected and qualified, or until such director’s earlier death, resignation or removal.

 

Section 4.02.          Vacancies.Vacancies in the Board of Directors, whether or not caused by an increase in the number of directors, may be filled by a majority vote of the remaining members of the Board though less than a quorum, or by a sole remaining director, and each person so selected shall be a director to serve for the balance of the unexpired term.

 

Section 4.03.          Resignation.Any director may resign at any time upon written notice to the corporation.  The resignation shall be effective upon receipt thereof by the corporation or at such subsequent time as shall be specified in the notice of resignation.

 

Section 4.04.          Place of Meetings.The meetings of the Board of Directors may be held at such place within or without the Commonwealth of Pennsylvania as a majority of the directors may from time to time by resolution appoint, or as may be designated in the notice or waiver of notice of a particular meeting; in the absence of specification, such meetings shall be held at the registered office of the corporation.

 

Section 4.05.          First Meeting.The first meeting of each newly elected Board of Directors shall be held immediately after the annual meeting of the shareholders at the place where the shareholders’ meeting was held, for the purpose of organization, the election of officers and the transaction of other business; or such meeting may convene at such other time and place as may be fixed by resolution of the shareholders adopted at the meeting at which the directors were elected, or by the call of any director or incorporator, who shall give at least five (5) days’ written notice thereof to each other director or incorporator, which notice shall set forth the time and place of the meeting.  Any incorporator may act in person, by written consent or by proxy signed by him or his attorney-in-fact.  If a designated director or an incorporator dies or is for any reason unable to act at the meeting, the other or others may act.  If there is no other designated director or incorporator able to act, any person for whom an incorporator was acting as agent may act or appoint another to act in his stead.

 

Section 4.06.          Regular Meetings.Regular meetings of the Board of Directors may be held at such times as the Board may by resolution determine.  If any day fixed for a regular

 

6



 

meeting shall be a legal holiday, then the meeting shall be held at the same hour and place on the next succeeding secular day.

 

Section 4.07.          Special Meetings.Special meetings of the Board of Directors may be called at any time by the Chairman of the Board or the President, and shall be called upon the written request of any director delivered to the Secretary.  Any such request by a director shall state the time and place of the proposed meeting, and upon receipt of such request it shall be the duty of the Secretary to issue the call for such meeting promptly.  If the Secretary shall neglect to issue such call, the director making the request may issue the call.

 

Section 4.08.          Notice of Meetings.Regular meetings of the Board of Directors may be held without notice.  If such meeting is to be held at other than the usual time or place, written notice of such meeting shall be given in the manner described herein.  Notice of all special meetings shall be given at least five (5) days before the time named for such meeting.  Notice of all regular meetings shall be given by mailing the same, or by telegraphing or telephoning the same, or by giving personal notice thereof at least forty-eight (48) hours before the time named for such meeting.  Any written notice herein required may be given to a director either personally, or by sending a copy thereof by first class or express mail, postage prepaid, or by telegram (with messenger service specified), telex or TWX (with answerback received) or courier service, charges prepaid, or by facsimile transmission, to his address (or to his telex, TWX or facsimile number) appearing on the books of the corporation or, supplied by such director to the corporation for the purpose of notice.  If the notice is sent by mail, telegraph or courier service, it shall be deemed to have been given to the person entitled thereto when deposited in the United States mail or with a telegraph office or courier service for delivery to such person or, in the case of telex, TWX or facsimile transmission, when dispatched.  Such notice shall specify the place, day and hour of the meeting and any other information required by law.

 

Section 4.09.          Exception to Notice.Whenever any notice or communication is required to be given to a director under the provisions of applicable law or by the Articles of Incorporation or these Bylaws, or by the terms of any agreement or other instrument, or as a condition precedent to taking any corporate action, and communication with that director is then unlawful, the giving of the notice or communication to that director shall not be required and there shall be no duty to apply for a license or other permission to do so.  Any action or meeting that is taken or held without notice or communication to that director shall have the same validity as if the notice or communication had been duly given.  If the action taken is such as to require the filing of any document with respect thereto under any provision of law or any agreement or other instrument, it shall be sufficient, if such is the fact and if notice or communication is required, to state therein that notice or communication was given to all directors entitled to receive notice or communication except directors with whom communication was unlawful.

 

Section 4.10.          Waiver of Notice.Whenever any written notice is required by law or the Articles of Incorporation or these Bylaws to be given to a director, a waiver thereof in writing, signed by the director entitled to notice either before or after the time stated therein, and whether before or after the meeting, shall be deemed equivalent to the giving of due notice.  Attendance of any director at any meeting shall constitute a waiver of notice of such meeting except where such director attends the meeting for the express purpose of objecting, at the

 

7



 

beginning of the meeting, to the transaction of any business because the meeting was not lawfully called or convened.

 

Section 4.11.          Quorum.At all meetings of the Board a majority of the directors in office shall be necessary to constitute a quorum for the transaction of business, and the acts of a majority of the directors present (including participants by telephone or similar communication as provided in Section 9.05 hereof) at a meeting at which a quorum is present shall be the acts of the Board of Directors, except as may otherwise be specifically provided by statute, or by the Articles of Incorporation, or by these Bylaws.

 

Section 4.12.          Voting Rights of Directors.Every director shall be entitled to one vote.  Any requirement of law or of these Bylaws for the presence of or vote or other action by a specified percentage of directors shall be satisfied by the presence of or vote or other action by directors entitled to cast the specified percentage of the votes that all voting directors in office are entitled to cast.

 

Section 4.13.          Adjournment.Adjournment or adjournments of any regular or special meetings may be taken, and it shall not be necessary to give any notice of the adjourned meeting or of the business to be transacted thereat other than by announcement at the meeting at which such adjournment is taken.  At any adjourned meeting at which a quorum shall be present any business may be transacted which might have been transacted at the meeting originally called.

 

Section 4.14.          Informal Action.Notwithstanding anything to the contrary contained in these Bylaws, any action required or permitted to be taken at a meeting of the directors or the members of the executive or other committee may be taken without a meeting, if, prior or subsequent to the action, a consent or consents thereto by all of the directors or the members of the executive or other committee, as the case may be, is filed with the Secretary of the corporation.

 

Section 4.15.          General Powers.All such powers of the corporation and all such lawful acts and things as are not by statute, or by the Articles of Incorporation or by these Bylaws, directed or required to be exercised or done by the shareholders, shall be exercised by or under the authority of the Board of Directors.

 

Section 4.16.          Executive Committee and Other Committees.The Board of Directors may, by resolution adopted by a majority of the directors in office, establish one or more committees to consist of one or more directors of the corporation.  Any committee, to the extent provided in such resolution, shall have and may exercise all of the powers and authority of the Board of Directors except that a committee shall not have any power or authority prohibited by law.  Vacancies in the membership of the committees shall be filled by the Board of Directors at a regular or special meeting of the Board.  The executive or other committee shall keep regular minutes of its proceedings and report the same to the Board at each regular meeting of the Board.  Each committee of the Board shall serve at the pleasure of the Board.

 

8


 

Section 4.17.          Compensation of Directors.Directors may receive such reasonable compensation for their services as shall be provided by a resolution adopted by a majority of the whole Board.

 

Section 4.18.          Removal of Directors.

 

(a)   Removal by the Board.  The Board of Directors may declare vacant the office of a director who has been judicially declared of unsound mind or who has been convicted of an offense punishable by imprisonment for a term of more than one year, or for any other proper cause, or if, within sixty (60) days after notice of his election, such director does not accept the office either in writing or by attending a meeting of the Board.

 

(b)   Removal by the Shareholders.  The entire Board may be removed at any time, with or without cause, by the unanimous vote or consent of the shareholders entitled to vote thereon.  Any individual director or the entire Board may be removed from office without assigning any cause by vote of the shareholders entitled to vote thereon.  In case the Board or any one or more directors be so removed, new directors may be elected at the same meeting.  If shareholders are entitled to vote cumulatively to elect directors, then, unless the entire Board be removed, no individual director shall be removed in case the votes of a sufficient number of shares are cast against the resolution for the removal of such director, which if cumulatively voted at an annual election would be sufficient to elect one or more directors.

 

(c)   Removal by the Court.  Upon application of any shareholder or director, the court may remove from office any director in case of fraudulent or dishonest acts, or gross abuse of authority or discretion with reference to the corporation, or for any other proper cause, and may bar from office any director so removed for a period prescribed by the court.  The corporation shall be made a party to the action and as a prerequisite to the maintenance of such an action a shareholder must comply with requirements of Pennsylvania law relating to derivative actions.

 

(d)   Effect of Reinstatement.  An act of the Board done during the period when a director has been suspended or removed for cause shall not be impugned or invalidated if the suspension or removal is thereafter rescinded by the shareholders or by the Board or by the final judgment of a court.

 

Section 4.19.          Liability of Directors.To the fullest extent permitted by Pennsylvania law, now in effect and as amended from time to time, a director of the corporation shall not be personally liable for monetary damages for any action taken or any failure to take any action.

 

ARTICLE V
OFFICERS, AGENTS AND EMPLOYEES

 

Section 5.01.          Officers.The officers of the corporation shall be elected annually by the Board of Directors and shall be a President, a Vice President, a Secretary and a Treasurer, or persons who shall act as such, regardless of the name or title by which they may be designated, elected or appointed.  A Chairman of the Board and such other officers and assistant

 

9



 

officers also may be elected or appointed at such time, in such manner and for such terms as may be determined by or pursuant to resolutions of the Board of Directors.  The President, Vice President and Secretary shall be natural persons of full age.  The Treasurer may be a corporation, but if a natural person shall be of full age.  Any number of offices may be held by the same person.  In addition to the powers and duties prescribed by these Bylaws, the officers and assistant officers shall have such authority and shall perform such duties in the management of the corporation as may be determined by or pursuant to resolutions of the Board of Directors.  The officers and assistant officers of the corporation shall hold office for a term of one year, or as specified in the resolution electing or appointing such officer and until such officer’s successor has been selected and qualified or until such officer’s earlier death, resignation or removal.  Any officer may resign at any time upon written notice to the corporation.  The resignation shall be effective upon receipt thereof by the corporation or at such subsequent time as may be specified in the notice of resignation.  The Board of Directors may add to the title of any officer or assistant officer a word or words descriptive of his powers or the general character of his duties.  If the office of any officer or assistant officer becomes vacant for any reason, the vacancy shall be filled, in the case of the Chairman of the Board, if any, President, Secretary or Treasurer, by the Board of Directors, or in the case of any other officer or assistant officer, in such manner as may be determined by or pursuant to resolutions of the Board of Directors.

 

Section 5.02.          Agents or Employees.The Board of Directors may by resolution designate the officer or officers who shall have authority to appoint such agents or employees as the needs of the corporation may require.  In the absence of such designation this function may be performed by the President and may be delegated by him to others in whole or in part.

 

Section 5.03.          Salaries.The salaries of all officers of the corporation shall be fixed by the Board of Directors or by authority conferred by resolution of the Board.  The Board also may fix the salaries or other compensation of assistant officers, agents and employees of the corporation, but in the absence of such action this function shall be performed by the President or by others under his supervision.

 

Section 5.04.          Removal of Officers, Agents or Employees.Any officer, assistant officer, agent or employee of the corporation may be removed or his authority revoked by resolution of the Board of Directors, or in such manner as may be determined by or pursuant to resolutions of the Board of Directors, with or without cause, but such removal or revocation shall be without prejudice to the contracts rights, if any, of the person so removed.  Election or appointment of an officer or agent shall not of itself create contract rights.  Any employee, other than an officer or agent of the corporation, may be removed by the President or, subject to his supervision, by the person having authority with respect to the appointment of such employee, whenever in such person’s judgment the best interests of the corporation will be served thereby.

 

Section 5.05.          Chairman of the Board and President; Powers and Duties.

 

(a)   The Chairman of the Board (if any) shall preside at all meetings of the shareholders and of the Board of Directors.  He shall be the senior officer of the corporation and shall have such powers and duties as the Board may prescribe.

 

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(b)   The President shall be the chief executive officer of the corporation.  He shall have general charge and supervision of the business of the corporation and shall exercise or perform all the powers and duties usually incident to the office of President.  In the absence of the Chairman of the Board, the President shall preside at all meetings of the shareholders and of the Board of Directors.  He shall from time to time make such reports of the affairs of the corporation as the Board may require and shall annually present to the annual meeting of the shareholders a report of the business of the corporation for the preceding fiscal year.

 

(c)   The Chairman of the Board and President shall be, ex officio, members of the executive committee (if any) and of every other committee appointed by the Board.

 

Section 5.06.          Vice President; Powers and Duties.The Vice President shall, in the absence or disability of the President, perform the duties and exercise the powers of the President; and if there be more than one Vice President, their seniority in performing such duties and exercising such powers shall be determined by the Board of Directors or, in default of such determination, by the order in which they were first elected.  Each Vice President also shall have such powers and perform such duties as may be assigned to him by the Board.

 

Section 5.07.          Secretary; Powers and Duties.The Secretary shall attend all sessions of the Board and all meetings of the shareholders and act as clerk thereof, and record all the votes and minutes thereof in books to be kept for that purpose; and shall perform like duties for the executive committee (if any) and of other committees of the Board of Directors when required.  He shall give, or cause to be given, notice of all meetings of the shareholders and of the Board of Directors, and shall perform such other duties as may be prescribed by the Board or by the President.  The Secretary shall keep in his custody the corporate seal of the corporation, and may affix the same to any instrument requiring it and attest the same.

 

Section 5.08.          Treasurer; Powers and Duties.The Treasurer shall be the chief financial officer and shall cause full and accurate accounts of receipts and disbursements to be kept in books belonging to the corporation.  He shall see to the deposit of all moneys and other valuable effects in the name and to the credit of the corporation in such depository or depositories as may be designated by the Board of Directors, subject to disbursement or disposition upon orders signed in such manner as the Board of Directors shall prescribe.  He shall render to the President and to the directors, at the regular meetings of the Board or whenever the President or the Board may require it, an account of all his transactions as Treasurer and of the results of operations and financial condition of the corporation.  If required by the Board, the Treasurer shall give the corporation a bond in such sum and with such surety or sureties as may be satisfactory to the Board for the faithful discharge of the duties of his office, and for the restoration to the corporation, in case of his death, resignation, retirement or removal from office, of all books, records, money and other property of whatever kind in his possession or under his control belonging to the corporation.

 

Section 5.09.          Delegation of Officer’s Duties.Any officer may delegate duties to his duly elected or appointed assistant, if any; and in case of the absence of any officer or assistant officer of the corporation, or for any other reason that the Board of Directors may deem

 

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sufficient, the Board may delegate or authorize the delegation of his powers or duties, for the time being, to any person.

 

ARTICLE VI
SHARES OF CAPITAL STOCK

 

 

Section 6.01.          Certificates of Shares.Subject to requirements prescribed by law, the shares of the corporation shall be represented by share certificates in such form as shall be approved by the Board of Directors.  Every shareholder shall be entitled to a share certificate representing the shares owned by him.  All certificates representing shares shall be registered in the share register as they are issued, and those of the same class or series shall be consecutively numbered.  Every share certificate shall be executed by facsimile or otherwise, by a corporate officer or assistant officer on behalf of the corporation.  In case any officer, assistant officer, transfer agent or registrar whose signature appears on any share certificate shall have ceased to be such because of death, resignation or otherwise, before the certificate is issued, it may be issued by the corporation with the same effect as if he had not ceased to be such at the date of its issue.

 

Section 6.02.          Registered Shareholders.The corporation shall be entitled to treat the registered holder of any share or shares as the holder thereof in fact and law and shall not be bound to recognize any equitable or other claim to, or interest in, such share or shares on the part of any other person, whether or not it shall have express or other notice thereof, save as otherwise expressly provided by statute.

 

Section 6.03.          Transfer of Shares.Shares of the corporation shall be transferred only on its books upon the surrender to the corporation or its transfer agent of the share certificate or certificates therefor duly endorsed by the person named therein, or accompanied by proper evidence of succession, assignment or authority to transfer such shares.  Subject to Section 6.04 hereof, upon transfer the surrendered certificate or certificates shall be canceled, a new certificate or certificates shall be issued to the person entitled thereto, and the transaction shall be recorded upon the books of the corporation.

 

Section 6.04.          Restrictions on Transfer.Transfers of shares may be restricted in any lawful manner by law, or by contract if a copy of the contract is filed with the corporation, provided that notice of the restrictions shall be typed or printed conspicuously on the share certificate.

 

Section 6.05.          Replacement of Certificates.The Board of Directors may direct a new share certificate to be issued in place of any share certificate theretofore issued by the corporation and claimed to have been lost, destroyed or mutilated, upon the claimant’s furnishing an affidavit of the facts and, if required by the Board of Directors, a bond of indemnity in such amount or in open penalty and in such form, with such surety thereon, as the Board may approve for the protection of the corporation and its officers and agents.

 

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ARTICLE VII
RECORD DATE

 

Section 7.01.          Directors May Fix Record Date.The Board of Directors may fix a time prior to the date of any meeting of the shareholders as a record date for the determination of the shareholders entitled to notice of, or to vote at, any such meeting, which time, except in the case of an adjourned meeting, shall be not more than ninety (90) days prior to the date of the meeting of shareholders.  Only the shareholders who are shareholders of record and entitled to vote on the date so fixed shall be entitled to notice of and to vote at such meeting notwithstanding any transfer of shares on the books of the corporation after the record date so fixed.  The Board of Directors may similarly fix a record date for the determination of shareholders of record for any other purpose.  When a determination of shareholders of record has been made for purposes of a meeting, the determination shall apply to any adjournment thereof unless the Board fixes a new record date for the adjourned meeting.

 

Section 7.02.          Determination When No Record Date Fixed.If a record date is not fixed by the Board of Directors, the record date for determining shareholders entitled to notice of or to vote at a meeting of shareholders shall be at the close of business on the day next preceding the day on which notice is given or, if notice is waived, at the close of business on the day immediately preceding the day on which the meeting is held.  The record date for determining shareholders entitled to express consent or dissent to corporate action in writing without a meeting, when prior action by the Board of Directors is not necessary, shall be the day on which the first written consent or dissent is filed with the Secretary of the corporation.  The record date for determining shareholders for any other purpose shall be at the close of business on the date on which the Board of Directors adopts the resolution relating thereto.

 

Section 7.03.          Certification By Nominee.The Board of Directors may adopt a procedure whereby a shareholder of the corporation may certify in writing to the corporation that all or a portion of the shares registered in the name of the shareholder are held for the account of a specified person or persons.  The resolution of the Board may set forth:  (i) the classification of shareholder who may certify; (ii) the purpose or purposes for which the certification may be made; (iii) the form of certification and information to be contained therein; (iv) if the certification is with respect to a record date, the time after the record date within which the certification must be received by the corporation; and (v) such other provisions with respect to the procedure as are deemed necessary or desirable.  Upon receipt by the corporation of a certification complying with the procedure, the persons specified in the certification shall be deemed, for the purposes set forth in the certification, to be the holders of record of the number of shares specified in place of the shareholder making the certification.

 

ARTICLE VIII
DISTRIBUTIONS AND WORKING CAPITAL

 

Section 8.01.          Distributions.Subject to the limitations prescribed by law and the provisions of the Articles of Incorporation relating thereto, if any, the Board of Directors, at any regular or special meeting, may authorize and the corporation may make distributions out of assets legally available for such distributions to such extent as the Board may deem advisable.  Distributions may be paid in cash, in property, or in shares of the corporation.

 

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Section 8.02.          Reserve Fund.

 

Before the making of any distributions there may be set aside out of surplus or out of the net profits of the corporation such sum or sums as the Board of Directors may, from time to time, in its absolute discretion, think proper as a reserve fund to meet contingencies, or for such other purpose as the Board shall think conducive to the interests of the corporation, and the Board may vary or abolish any such reserve fund in its absolute discretion.

 

ARTICLE IX
MISCELLANEOUS PROVISIONS

 

Section 9.01.          Corporate Records.The corporation shall keep complete and accurate books and records of account, minutes of the proceedings of the incorporators, shareholders and directors and a share register giving the names of the shareholders and showing their respective addresses and the number and classes of shares held by each.  The share register shall be kept at either the registered office of the corporation in the Commonwealth of Pennsylvania or at its principal place of business wherever situated or at the office of its registrar or transfer agent.  Any books, minutes or other records may be in written form or any other form capable of being converted into written form within a reasonable time.

 

Section 9.02.          Execution of Written Instruments.Any form of execution provided in the Articles of Incorporation or in these Bylaws notwithstanding, any note, mortgage, evidence of indebtedness, contract or other document or any assignment or endorsement thereof, executed and entered into between the corporation and any other person, when signed by one or more officers or agents having actual or apparent authority to sign it, or by the President or a Vice President and attested by the Secretary or the Treasurer or an Assistant Secretary or Assistant Treasurer, shall be held to have been properly executed for and in behalf of the corporation.  All checks, notes, drafts and orders for the payment of money shall be signed by such one or more officers or agents as the Board of Directors may from time to time designate.  The affixation of the corporate seal shall not be necessary to the valid execution, assignment or endorsement by the corporation of any instrument or other document.

 

Section 9.03.          Financial Report.Unless otherwise agreed between the corporation and a shareholder, the corporation shall furnish to its shareholders annual financial statements as required by law, including at least a balance sheet as of the end of each fiscal year and a statement of income and expenses for the fiscal year.  The financial statements shall be mailed by the corporation to each of its shareholders entitled thereto within 120 days after the close of each fiscal year and, after the mailing and upon written request, shall be mailed by the corporation to any shareholder or beneficial owner entitled thereto to whom a copy of the most recent annual financial statements has not been previously mailed.  An agreement restricting the rights of a shareholder to receive such financial statements shall be set forth in a writing that is separate from the Articles of Incorporation, these Bylaws, or a share certificate.  The agreement may provide that it is binding on the shareholder and all persons who are shareholders in the corporation solely by reason of acquiring shares directly or indirectly from the shareholder in one or more transactions that, if the corporation were a statutory close corporation, would be excepted by statute.

 

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Section 9.04.          Indemnification of Directors and Officers.

 

(a)   Third Party Action. The corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation), by reason of the fact that he is or was a director or officer of the corporation, or is or was serving at the request of the corporation as a director, officer or member of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which he reasonably believed to be in, or not opposed to, the best interests of the corporation, and with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.

 

(b)   Derivative Actions. The corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director or officer of the corporation, or is or was serving at the request of the corporation as a director, officer or member of another corporation, partnership, joint venture, trust or other enterprise against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if he acted in good faith in a manner he reasonably believed to be in, or not opposed to, the best interests of the corporation; provided, however, that no indemnification shall be made in respect of any claim, issue or matter as to be which such person shall have been adjudged to be liable for negligence or misconduct in the performance of his duty to the corporation unless and only to the extent that the court of common pleas of the county in which the registered office of the corporation is located or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the court of common pleas or such other court shall deem proper.

 

(c)   Procedure for Effecting Indemnification. To the extent that a director or officer of the corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 9.04(a) or (b) or in defense of any claim, issue or matter therein, he shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection therewith.

 

(d)   Authorization. Any indemnification under Section 9.04(a) or (b) (unless ordered by a court) shall be made by the corporation only as authorized in the specific case upon a determination that indemnification of the director or officer is proper in the circumstances because he had met the applicable standard of conduct set forth in such paragraph. Such determination shall be made (1) by the Board of Directors by a majority vote of a quorum

 

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consisting of directors who were not parties to such action, suit or proceeding; or (2) if such quorum is not obtainable, or, even if obtainable, a majority vote of a quorum of disinterested directors so directs, by independent legal counsel in a written opinion; or (3) by the shareholders.

 

(e)   Advancing Expenses. Expenses incurred in defending a civil or criminal action, suit, or proceeding may be paid by the corporation in advance of the final disposition of such action, suit or proceeding as authorized in the manner provided in paragraph Section 9.04(d) upon receipt of an undertaking by or on behalf of the director or officer to repay such amount unless it shall ultimately be determined that he is entitled to be indemnified by the corporation as authorized in this Section 9.04.

 

(f)    Rights to Indemnification. The indemnification provided by this Section 9.04 shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under any by-law, agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a director or officer and shall inure to the benefit of the heirs, executors and administrators of such a person.

 

Section 9.05.          Indemnification of Authorized Representatives.

 

(a)   The corporation shall indemnify any person who was or is an “authorized representative” of the corporation (which shall mean for purposes of this Section a director or officer of the corporation, or a person serving at the request of the corporation as a director, officer, partner, trustee or fiduciary of another corporation, partnership, joint venture, trust, employee benefit plan or other entity or enterprise) and who was or is a party (which shall mean for purposes of this Section any threatened, pending or completed action, suit, appeal or proceeding of any nature, whether civil, criminal, administrative, or investigative, whether formal or informal, including an action by or in the right of the corporation or a class of its security holders) by reason of the fact that he or she was or is an authorized representative of the corporation, against any liability (which shall mean for purposes of this Section any damage, judgment, penalty, fine, amount paid in settlement, punitive damages, excise tax assessed with respect to an employee benefit plan, or cost or expense of any nature including, without limitation, attorneys’ fees and disbursements) including, without limitation, liabilities resulting from any actual or alleged breach or neglect of duty, error, misstatement or misleading statement, negligence, gross negligence or act giving rise to strict or products liability, except where such indemnification is for acts or failures to act constituting self-dealing, willful misconduct or recklessness. If an authorized representative is entitled to indemnification in respect of a portion, but not all, of any liabilities to which such person may be subject, the corporation shall indemnify such authorized representative to the maximum extent for such portion of the liabilities. The termination of any proceeding by judgment, order, settlement, indictment or conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the authorized representative is not entitled to indemnification.

 

(b)   Authorization. Notwithstanding any other provision of this Section, the corporation shall not indemnify under this Section an authorized representative for any liability incurred in a proceeding initiated (which shall not be deemed to include counter-claims or

 

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affirmative defenses) or participated in as an intervenor or amicus curiae by the person seeking indemnification unless such initiation of or participation in the proceeding is authorized, either before or after its commencement, by the affirmative vote of a majority of the directors in office. This paragraph does not apply to reimbursement of expenses incurred in successfully prosecuting or defending the rights of an authorized representative granted by or pursuant to this Section.

 

(c)   Advancing Expenses. Expenses (including attorneys’ fees and disbursements) incurred in good faith shall be paid by the corporation on behalf of an authorized representative in advance of the final disposition of a proceeding described in paragraph A of this Section upon receipt of an undertaking by or on behalf of the authorized representative to repay such amount if it shall ultimately be determined pursuant to paragraph F of this Section that such person is not entitled to be indemnified by the corporation as authorized in this Section. The financial ability of such authorized representative to make such repayment shall not be a prerequisite to the making of an advance.

 

(d)   Insurance and Indemnification Agreements. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the corporation may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the corporation, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Board of Directors shall deem appropriate. Absent fraud, the determination of the Board of Directors with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, officers and directors and shall not be subject to voidability.

 

(e)   Request for Indemnification. An authorized representative shall be entitled to indemnification within thirty (30) days after a written request for indemnification has been received by the Secretary of the corporation.

 

(f)    Disputes. Any dispute related to the right to indemnification or advancement of expenses as provided under this Section, except with respect to indemnification for liability arising under the Securities Act of 1933 which the corporation has undertaken to submit to a court for adjudication, shall be decided only by arbitration, to be conducted at the corporation’s executive offices (or such other location to which the corporation has given its consent), in accordance with the commercial arbitration rules then in effect of the American Arbitration Association, before a panel of three arbitrators, one of whom shall be selected by the corporation, the second of whom shall be selected by the authorized representative and the third of whom shall be selected by the other two arbitrators. In the absence of the American Arbitration Association or if for any reason arbitration under the arbitration rules of the American Arbitration Association cannot be initiated, or if the arbitrators selected by the corporation and the authorized representative cannot agree on the selection of the third arbitrator within thirty (30) days after such time as the corporation and the authorized representative have each been notified of the selection of the other’s arbitrator, the necessary arbitrator or arbitrators shall be selected by the presiding judge of the Court of Common Pleas of Fulton County, Pennsylvania (or of the court of general jurisdiction in the municipality in which the corporation’s executive offices are located). Each arbitrator selected as provided herein is

 

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required to be or have been a director of a corporation whose shares of common stock were listed during at least one year of such service on the New York Stock Exchange or the American Stock Exchange or quoted on the National Association of Securities Dealers Automated quotations Systems. The party or parties challenging the right of an authorized representative to the benefits of this Section shall have the burden of proof. The corporation shall reimburse an authorized representative for the expenses (including attorneys’ fees and disbursements) incurred in successfully prosecuting or defending such arbitration. Any award entered by the arbitrators shall be final, binding and nonappealable, and judgment may be entered thereon by any party in accordance with applicable law in any court of competent jurisdiction. This arbitration provision shall be specifically enforceable.

 

(g)   Discharge of Duty. An authorized representative shall be deemed to have discharged such person’s duty to the corporation if he or she has relied in good faith on information, advice or an opinion, report or statement prepared by:

 

(i)            one or more officers or employees of the corporation whom such authorized representative reasonably believes to be reliable and competent with respect to the matter presented;

 

(ii)           legal counsel, public accountants or other persons as to matters that the authorized representative reasonably believes are within the person’s professional or expert competence; or

 

(iii)          a committee of the Board of Directors on which he or she does not serve as to matters within its area of designated authority, which committee he or she reasonably believes to merit confidence.

 

(h)   Contractual Obligation. All rights to indemnification under this Section shall be deemed a contract between the corporation and the authorized representative pursuant to which the corporation and each authorized representative intend to be legally bound. Any repeal, amendment or modification hereof shall be prospective only and shall not affect any rights or obligations then existing.

 

(i)    Rights to Indemnification. The indemnification and advancement of expenses provided by, or granted pursuant to, this Section shall not be deemed exclusive of any other rights to which a person seeking indemnification or advancement of expenses may be entitled under any statute, certificate or articles of incorporation, by-law, agreement, vote of shareholders or directors or otherwise, both as to action in his or her official capacity and as to action in any other capacity, and shall  continue as to a person who has ceased to be an authorized representative in respect of matters arising prior to such time and shall inure to the benefit of the heirs, executors, administrators and personal representatives of such a person.

 

(j)    Reliance. Each person who shall act as an authorized representative of the corporation shall be deemed to be doing so in reliance upon the rights of indemnification provided by this Section.

 

Section 9.06.          Telecommunications.One or more directors or shareholders may participate in a meeting of the Board, of a committee of the Board, or of the shareholders by means of conference telephone or similar communications equipment by

 

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means of which all persons participating in the meeting can hear each other.  Participation in a meeting pursuant to this section shall constitute presence in person at the meeting.

 

Section 9.07.          Masculine to Include Feminine and Neuter.Whenever in these Bylaws the words “he”, “his” or “him” are used, they shall be deemed, where appropriate, to mean the comparable feminine or neuter pronoun.

 

ARTICLE X
AMENDMENT OF BYLAWS

 

Section 10.01         Amendments.Except as otherwise provided by law, these Bylaws may be altered, amended, supplemented or repealed by the affirmative vote of a majority of the whole Board of Directors or of shareholders entitled to cast at least a majority of the votes which all shareholders are entitled to cast thereon, at any regular or special meeting of the Board, or of the shareholders, as the case may be, convened after notice which, in the case of a special meeting of shareholders, shall include notice of that purpose; or by unanimous action of all the directors or all of the shareholders entitled to vote thereon without a meeting.  Any change in these Bylaws shall take effect when adopted unless otherwise provided in the resolution effecting the change.

 

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EX-3.21 20 a2197340zex-3_21.htm EX-3.21

Exhibit 3.21

 

CERTIFICATE OF INCORPORATION

OF

JLG OMNIQUIP, INC.

 

ARTICLE I

 

The name of the Corporation is JLG OmniQuip, Inc.

 

ARTICLE II

 

REGISTERED OFFICE AND REGISTERED AGENT

 

The registered office of the Corporation in the State of Delaware is located at Corporation Trust Center, 1209 Orange Street, in the City of Wilmington, County of New Castle.  The name and address of the Corporation’s registered agent is The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware.

 

ARTICLE III

 

CORPORATE PURPOSE

 

The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware.

 

ARTICLE IV

 

CAPITAL STOCK

 

The total number of shares of capital stock that the Corporation shall have authority to issue is ten thousand (10,000) shares, which shall be shares of Common Stock with the par value of one cent ($.01) each.

 

The following is a statement of the designations and the powers, privileges and rights, and the qualifications, limitations or restrictions thereof in respect of the capital stock of the Corporation.

 

1.             Voting.  The holders of the Common Stock are entitled to one vote for each share held at all meetings of stockholders (and written actions in lieu of meetings).  There shall be no cumulative voting.

 

2.             Dividends.  Dividends may be declared and paid on the Common Stock from funds lawfully available therefore as and when determined by the Board of Directors.

 



 

3.             Liquidation.  Upon the dissolution or liquidation of the Corporation, whether voluntary or involuntary, holders of Common Stock will be entitled to receive all assets of the Corporation available for distribution to its stockholders.

 

ARTICLE V

 

RESERVATION OF RIGHT TO AMEND BYLAWS

 

In furtherance and not in limitation of the powers conferred by statute, the Board of Directors of the Corporation is expressly authorized to adopt, amend or repeal the bylaws of the Corporation.

 

ARTICLE VI

 

ELECTION OF DIRECTORS

 

The election of directors need not be conducted by written ballot except and to the extent provided in the bylaws of the Corporation.

 

ARTICLE VII

 

COMPROMISE OR ARRANGEMENT BETWEEN CORPORATION
AND CREDITORS

 

Whenever a compromise or arrangement is proposed between this Corporation and its creditors or any class of them and/or between this Corporation and its stockholders or any class of them, any court of equitable jurisdiction within the State of Delaware may, on the application in a summary way of this Corporation or of any creditor or stockholder thereof or on the application of any receiver or receivers appointed for this Corporation under Section 291 of Title 8 of the Delaware Code or on the application of trustees in dissolution or of any receiver or receivers appointed for this Corporation under Section 279 of Title 8 of the Delaware Code order a meeting of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this Corporation, as the case may be, to be summoned in such manner as the said court directs.  If a majority in number representing three-fourths in value of the creditors or class of creditors, and/or of the stockholders or class of stockholders of this Corporation, as the case may be, agree to any compromise or arrangement and to any reorganization of this Corporation as consequence of such compromise or arrangement, the said compromise or arrangement and the said reorganization shall, if sanctioned by the court to which the said application has been made, be binding on all the creditors or class of creditors, and/or on all the stockholders or class of stockholders, of this Corporation, as the case may be, and also on this Corporation.

 

ARTICLE VIII

 

LIMITATION ON LIABILITY

 

To the fullest extent permitted by the General Corporation Law of the State of Delaware as the same exists or may hereafter be amended, a director of this Corporation shall not be liable to the Corporation or its stockholders for monetary damages for breach of fiduciary

 

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duty as a director.  Any repeal, modification or amendment of the provisions of this Article VIII by the stockholders of the Corporation shall not adversely affect any right or protection of a director of this Corporation existing hereunder with respect to any act or omission occurring prior to the time of such repeal, modification or amendment.

 

ARTICLE IX

 

INDEMNIFICATION

 

Section 1.  Discretionary Indemnification.  Every person who was or is an officer, employee or agent of the Corporation or was or is serving at the request of the Corporation as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust or other enterprise, or any other person connected with the business of the Corporation who the board of directors may designate, may, in the discretion of the board of directors, be indemnified by the Corporation against all liability and expenses actually and reasonably incurred by such person in connection with or resulting from any action, suit or proceeding in which such person may become involved, as a party or otherwise, by reason of such person’s having been or being an officer, employee or agent of the Corporation or a director, officer, employee or agent of such other corporation, partnership, joint venture, trust or other enterprise, or by reason of such person’s connection with the business of the Corporation (including, without limitation, any suit brought by or in the name of the Corporation to recover an advancement of expenses made by the Corporation pursuant to an undertaking or otherwise), provided (a) that such action, suit or proceeding is prosecuted to a final determination and such person defends successfully on the merits or otherwise or, (b) in the absence of such a final determination in such person’s favor, that the Corporation determines that such person acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, that such person had no reasonable cause to believe his conduct was unlawful.  The determinations contemplated by subclause (b) of the proviso clause of the preceding sentence shall be made, with respect to a person who is a director or officer at the time of such determination, (i) by the board of directors by a majority vote of the directors not parties to such action, suit or proceeding, even though less than a quorum, or (ii) by a committee of such directors designated by a majority vote of such directors, even though less than a quorum, or (iii) if there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion, or (iv) by the stockholders.  If a person meets the requirements set forth in the proviso clause of the first sentence of this Section 1 with respect to some matters in an action, suit or proceeding, but not with respect to others, he may be entitled to indemnification as to the former.  The provisions of this Section 1 are in addition to, and not by way of limitation of, the provisions of Sections 2 and 3 of this Article IX.

 

Section 2.  Mandatory Indemnification in General.  To the extent that a former or present Qualifying Person or officer of the Corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 1 of this Article IX, or in defense of any claim, issue or matter therein, or in any action, suit or proceeding brought by such person to enforce a right to indemnification or to advancement of expenses hereunder, such person shall be indemnified against expenses actually and reasonably incurred by such person in connection therewith.  The provisions of this Section 2 are in addition to, and not by way of limitation of, the provisions of Sections 1 and 3 of this Article IX.

 

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Section 3.  Mandatory Indemnification of Qualifying Persons.  Every person who was or is a Qualifying Person of the Corporation shall be indemnified by the Corporation against all liability and expenses actually and reasonably incurred by such person in connection with or resulting from any action, suit or proceeding in which such person may become involved, as a party or otherwise, by reason of such person’s having been or being a Qualifying Person, or by reason of such person’s connection with the business of the Corporation, provided that the Corporation determines that such person acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, that such person had no reasonable cause to believe his conduct was unlawful.  Notwithstanding the provisions of the foregoing sentence, except as provided in Section 2 of this Article IX with respect to actions, suits and proceedings to enforce rights to indemnification or advancement of expenses, the Corporation shall be required to indemnify a Qualifying Person in connection with an action, suit or proceeding (or part thereof) initiated by such Qualifying Person only if such action, suit or proceeding (or part thereof) was authorized by the board of directors.  The determinations contemplated by the proviso clause of the first sentence of this Section 3 shall be made, with respect to a person who is a director or officer at the time of such determination, (a) by the board of directors by a majority vote of the directors who are not parties to such action, suit or proceedings, even though less than a quorum, or (b) by a committee of such directors designated by majority vote of such directors, even though less than a quorum, or (c) if there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion, or (d) by the stockholders.  If a Qualifying Person meets the requirements as set forth in the proviso clause of the first sentence of this Section 3 with respect to some matters in an action, suit or proceeding, but not with respect to others, he shall be entitled to indemnification as to the former.  The provisions of this Section 3 are in addition to, and not by way of limitation of, the provisions of Sections 1 and 2 of this Article IX.

 

Section 4.  Actions by or in the Right of the Corporation.  In the case of any action, suit or proceeding by or in the right of the Corporation:  (a) no indemnification shall be made with respect to any claim, issue or matter as to which the person seeking indemnification shall have been adjudged to be liable to the Corporation unless, and only to the extent that, the Delaware Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for reasonable expenses as the Court of Chancery or such other court shall deem proper; and (b) indemnification shall extend only to expenses and specifically shall not extend to any liability.

 

Section 5.  Advances of Expenses.  Advances against expenses may be made by the Corporation on terms fixed by the board of directors subject to an obligation to repay if indemnification proves unwarranted.  Expenses actually and reasonably incurred by a person in defending any action, suit or proceeding in which such person is involved as a party or otherwise by reason of such person’s having been or being a Qualifying Person or in any action, suit or proceeding brought by such person to enforce a right to indemnification or to advancement of expenses hereunder shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such person to repay such amounts if it is ultimately determined that such person is not entitled to be indemnified by the Corporation.

 

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Section 6.  Applicability.  The indemnification provided by this Article IX shall not be deemed exclusive of any other rights to which any person seeking indemnification may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in an official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to hold the office entitling him to indemnification hereunder and shall inure to the benefit of the heirs, executors and administrators of such a person.  This Article IX shall not be construed to authorize indemnification in any case or for any liability or expense where such indemnification would not be lawful.  This Article IX shall be applicable to actions, suits or proceedings made or commenced after the adoption hereof, whether arising from acts or omissions to act occurring before or after the adoption hereof.

 

Section 7.  Insurance.  The Corporation may purchase and maintain insurance on behalf of any person who was or is a Qualifying Person, or on behalf of any person connected with the business of the Corporation, against all liability and expenses incurred by him in any such capacity, or arising out of his status as such, whether or not such person may have a right to be indemnified by the Corporation against such liability and expenses under this Article IX.

 

Section 8.  Certain Definitions.  For the purposes of this Article IX:  (a) “expenses” includes, but is not limited to, fees and disbursements of legal counsel; (b) “liability” includes amounts of any judgment, fine or penalty, and reasonable amounts paid in settlement; (c) “action, suit or proceeding” (unless otherwise limited) includes every claim, action, suit or proceeding, whether civil or criminal, derivative or otherwise, administrative or investigative, and any appeal relating thereto, and any reasonable apprehension or threat of any such action, suit or proceeding; (d) references to “other enterprises” includes employee benefit plans, references to “fines” includes any excise taxes assessed on a person with respect to any employee benefit plan, references to “serving at the request of the Corporation” includes any service as a director, officer, employee or agent of the Corporation which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries, and a person who acted in good faith and in a manner such person reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Corporation;” (e) “Qualifying Person” means a person who was or is (i) a director of the Corporation or (ii) an officer of the Corporation or (iii) a director, officer, employee or agent of any other corporation, partnership, joint venture, trust or other enterprise at the request of the Corporation simultaneously with holding office as a director or officer of the Corporation; and (f) the termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plan of nolo      contendere or its equivalent, shall not, of itself, create a presumption that the conduct of the person seeking indemnification did not meet the standard of conduct set forth in the proviso clauses of the first sentences of Sections 1 and 3 of this Article IX.

 

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ARTICLE X

 

RESERVATION OF RIGHT TO AMEND
CERTIFICATE OF INCORPORATION

 

The Corporation reserves the right to amend, alter, restate, change or repeal any provisions contained in this Certificate of Incorporation, and other provisions authorized by the laws of the State of Delaware at the time in force may be added or inserted, in the manner now or hereafter prescribed by law and all the provisions of this Certificate of Incorporation and all rights, preferences, privileges and powers conferred in this Certificate of Incorporation on stockholders, directors, officers or any other persons are subject to the rights reserved in this Article X.

 

ARTICLE XI

 

BUSINESS COMBINATIONS WITH
INTERESTED STOCKHOLDERS

 

The Corporation expressly elects not to be governed by Section 203 of the General Corporation Law of the State of Delaware, as it may be amended from time to time.

 

ARTICLE XII

 

INCORPORATOR

 

The name and mailing address of the Incorporator are as follows:

 

 

Patrick H. McCaffery

 

c/o Covington & Burling

 

1201 Pennsylvania Avenue, NW

 

Washington, DC 20004

 

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EX-3.22 21 a2197340zex-3_22.htm EX-3.22

Exhibit 3.22

 

BY-LAWS

 

of

 

JLG OMNIQUIP, INC.

 

adopted

 

December 6, 2006

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Delaware shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Delaware changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Delaware, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation may have a seal as may be designated by resolution of the Board of Directors.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Delaware, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Delaware.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)   At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at

 

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any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in

 

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counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Delaware as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

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terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

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treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

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Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Delaware, shall make available at its Delaware registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the benefit of, a related organization, an organization in which the corporation has a financial

 

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interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

8



EX-3.23 22 a2197340zex-3_23.htm EX-3.23

Exhibit 3.23

 

ARTICLES OF ORGANIZATION

 

Limited Liability Company

 

Article 1.                Name of Limited Liability Company:  Kewaunee Fabrications, L.L.C.

 

Article 2.                The street address of the initial registered office is:

 

2307 Oregon Street
Oshkosh, Wisconsin 54901-2566

 

Article 3.                                                The name of the initial registered agent at the above registered office is:  Timothy M. Dempsey.

 

Article 4.                                                Select appropriate choice below.

 

Management of the limited liability company shall be vested in:

 

x  a manager or managers.

 

OR

 

o  its members.

 

Article 5.                                                Executed on September 27, 1996.

 

Name and complete address of each organizer:

 

1)

/s/ Timothy M. Dempsey

 

 

Timothy M. Dempsey

 

 

2307 Oregon Street

 

 

Oshkosh, Wisconsin 54901

 

 



EX-3.24 23 a2197340zex-3_24.htm EX-3.24

Exhibit 3.24

 

MEMBER’S AGREEMENT

(As Amended as of October 1, 2002)

 

THIS MEMBER’S AGREEMENT (this “Agreement”) of Oshkosh Truck Corporation, the undersigned sole member (the “Member”) of Kewaunee Fabrications, L.L.C., a Wisconsin limited liability company (the “Company”), is effective as to the Member as of October 1, 2002.

 

RECITALS

 

The Member has caused the formation of the Company by having an organizer file with the Wisconsin Department of Financial Institutions Articles of Organization, a copy of which is attached to this Agreement and incorporated by this reference, as provided in the Wisconsin Limited Liability Company Law (the “WLLCL”); and

 

The Member affirms its membership in the Company, acknowledges its contributions as set forth in the Assignment and Assumption Agreement attached to this Agreement as Exhibit A, and assents to the operation of the Company under the WLLCL.

 

NOW, THEREFORE, the undersigned agrees as follows:

 

Section 1.  Purpose.  The Company was formed for the purpose of engineering, fabricating and manufacturing component parts for specialty motor vehicles, including fire fighting aerial devices for fire apparatus.

 

Section 2.  Member Contribution.  The Member has contributed the assets and the Company has assumed the liabilities set forth in the Assignment and Assumption Agreement, attached to this Agreement as Exhibit A. The Member has not agreed to make any additional contributions to the Company.

 

Section 3.  Assignment of Membership Interest.  The Member may assign all or any part of its membership interest in the Company upon such terms and conditions as the Member and its assignee shall agree in writing. A person to whom the Member assigns all or any part of its membership interest in the Company in accordance with the preceding sentence shall be automatically admitted as a member of the Company without any further action by the Member, the assignee, or the Company. The assignment by the Member of all or any part of its membership interest shall not cause a dissolution of the Company.

 

Section 4.  Company Dissolution.  The Company is to be dissolved and its business wound up as provided in the WLLCL, except as otherwise provided in this Agreement.

 

Section 5.  Manager Management.  The provisions of the WLLCL relating to a limited liability company the management of which has been vested in a manager shall apply to the operations and management of the Company. The Board of Directors of the Company shall act as the Manager of the Company.

 



 

Section 6.  Board of Directors.

 

(a)           Tenure and Qualifications.  The number of directors of the Company shall be not less than two (2) nor more than seven (7). Each director shall hold office until the Member appoints the director’s successor, or until the director’s death, resignation, or removal by the Member for any reason or for no reason. If a position on the Board of Directors is vacant through death, resignation, or removal, the Member shall appoint a replacement director at its convenience.

 

(b)           Meetings.  Meetings of the Board of Directors may be called by or at the request of the president, secretary, or any director. The person calling a Board of Directors meeting may fix any time or place for holding the meeting.

 

(c)           Notice.  Notice of any meeting shall be given at least 48 hours before the meeting by oral notice, by written notice delivered personally or sent via certified mail to each director at the director’s last known address, or by fax. If mailed, the notice shall be deemed to be delivered three days after being deposited in the United States mail so addressed, with postage prepaid. If notice is given by fax, the notice shall be deemed to be delivered when confirmation of receipt is printed out on the sending fax machine. Whenever any notice is required to be given to any director of the Company, a waiver of notice in writing, signed at any time, whether before or after the time of meeting, by the director entitled to the notice, shall be deemed equivalent to the giving of notice. The attendance of a director at a meeting shall constitute a waiver of notice of the meeting except when a director attends a meeting and objects to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at nor the purpose of any Board of Directors meeting need be specified in the notice or waiver of notice of the meeting.

 

(d)           Quorum.  A majority of the directors then in office shall constitute a quorum for the transaction of business at any meeting of the Board of Directors. Even though less than a quorum is present at a meeting, a majority of the directors present may adjourn the meeting from time to time without further notice.

 

(e)           Manner of Acting.  The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless the act of a greater number is required by law.

 

(f)            Compensation.  The Board of Directors, by affirmative vote of a majority of the directors then in office, and irrespective of any personal interest of any of its members, may establish reasonable compensation of all directors for services to the Company as directors, officers, or otherwise.

 

(g)           Action by Consent of the Board of Directors.  Any action required to be taken at a Board of Directors meeting, or any other action that may be taken at a Board of Directors meeting, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the directors entitled to vote with respect to the subject matter of the consent.

 

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Section 7.  Officers.

 

(a)           Principal Officers.  The principal officers of the Company shall be a chairman and chief executive officer, a president, one or more vice-presidents, a secretary, and a chief financial officer/treasurer, each of whom shall be elected by the Board of Directors. Such other officers and assistant officers as may be deemed necessary may be elected or appointed by the Board of Directors. Any two or more offices may be held by the same person.

 

(b)           Election and Term of Office.  The officers of the Company shall be elected annually by the Board of Directors. If the election of officers shall not be held at such a meeting, the election shall be held as soon thereafter as conveniently may be. Each officer shall hold office until a successor shall have been qualified or until the officer’s death, resignation, or removal in the manner provided in Section 7(c), below.

 

(c)           Removal. Any officer elected or appointed by the Board of Directors may be removed by the Board of Directors whenever in its judgment the Company’s best interests will be served thereby, but the removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment shall not of itself create contract rights.

 

(d)           Vacancies.  A vacancy in any principal office because of death, resignation, removal, disqualification, or otherwise shall be filled by the Board of Directors for the unexpired portion of the term.

 

(e)           Chairman and Chief Executive Officer.  The chairman and chief executive officer shall be the Company’s principal executive officer and, subject to the control of the Board of Directors, shall in general supervise and control all of the Company’s business and affairs. When present, he shall preside at all Board of Directors meetings. He may sign deeds, mortgages, bonds, contracts, or other instruments that are necessary or proper to be executed in the course of the Company’s regular business or that the Board of Directors has authorized to be executed, except as cases in which (1) the execution of the documents or instruments shall be expressly delegated by the Board of Directors to some other officer or agent of the Company, or (2) the law requires the documents or instruments to be executed in a different manner. Except as otherwise provided by the Board of Directors, he may authorize any president, vice-president, or other officer or agent of the Company to execute such documents or instruments in the chairperson’s place. In general he shall perform all duties incident to the office of chairman and chief executive officer and such other duties as may be prescribed by the Board of Directors from time to time.

 

(f)            President.  The president shall be the chief operating officer of the company. In the absence of the chairman and chief executive officer, the president shall preside at all meetings of the Board of Directors. In the absence of the chairman and chief executive officer or in the event of the his death or inability or refusal to act, the president shall perform the duties of the chairman and chief executive officer, and when so acting, shall have all the powers of and be subject to all the restrictions upon the chairman and chief executive officer. The president may sign deeds, mortgages, bonds, contracts, or other instruments that are necessary or

 

3



 

proper to be executed in the course of the company’s regular business or that the Board of Directors has authorized to be executed, except in cases in which (1) the execution of the documents or instruments shall be expressly delegated by the Board of Directors to some other officer or agent of the Company, or (2) the law requires the documents or instruments to be executed in a different manner. Except as otherwise provided by the Board of Directors, the president may authorize any vice-president or other officer or agent of the company to execute such documents or instruments in the president’s place. The president shall in general perform all duties incident to the office of president and such other duties as may be prescribed by the Board of Directors from time to time.

 

(g)           Vice-President.  In the absence of the president, or in the event of the president’s death or inability to act, the vice-president, or if there shall be more than one, the vice-presidents, in the order determined by the Board of Directors, shall perform the president’s duties, and when so acting, shall have all the powers of and be subject to all the restrictions upon the president. The vice-president or vice-presidents, as the case may be, shall perform such other duties and have such other powers as the Board of Directors or president may from time to time prescribe.

 

(h)           Secretary. The secretary shall:  (1) keep the minutes of the Board of Directors meetings in one or more books provided for that purpose; (2) see that all notices are duly given in accordance with the provisions of this Agreement or as required by law; (3) be custodian of the Company’s records; (4) keep a register of the post office address of each Member; and (5) in general, perform all duties incident to the office of the secretary and such other duties as from time to time may be assigned to the secretary by the president or the Board of Directors.

 

(i)            Chief Financial Officer/Treasurer.  If required by the Board of Directors, the chief financial officer/treasurer shall give a bond for the faithful discharge of that officer’s duties in such sum and with such surety or sureties as the Board of Directors shall determine. The chief financial officer/treasurer shall:  (1) have charge and custody of and be responsible for all funds and securities of the Company; (2) receive and give receipts for money due and payable to the Company from any source whatsoever, and deposit all such monies in the Company’s name in such banks, trust companies, or other depositories as shall be selected in accordance with the provisions of this Agreement; and (3) in general, perform all of the duties incident to the office of treasurer and such other duties as from time to time may be assigned to the chief financial officer/treasurer by the president or the Board of Directors.

 

(j)            Salaries.  The salaries of the officers shall be fixed from time to time by the Board of Directors, and no officer shall be prevented from receiving a salary by reason of the fact that the officer is also a director of the Company.

 

Section 8.  Indemnification of Directors and Officers.

 

(a)           Liability of Directors and Officers.  No person shall be liable to the company for any loss or damage suffered by the Company on account of any action taken or omitted to be taken by the person as a director or officer of the Company (or as a director or

 

4



 

officer of any other company, partnership, joint venture, trust, or other enterprise that the person serves as a director or officer at the request of the Company) that the person in good faith believed to be in or not opposed to the Company’s best interests, and with respect to any criminal action or proceeding, that the person had no reasonable cause to believe was unlawful. In addition, no director or officer of the Company shall be liable to the company for any loss or damage suffered by the Company on account of any action taken or omitted to be taken in reliance upon advice of counsel for the Company or upon statements made or information furnished by officers or employees of the company that the person had reasonable grounds to believe to be true. The foregoing shall not be exclusive of other rights and defenses to which the person may be entitled as a matter of law.

 

(b)           Successful Defense.  The Company shall indemnify a person serving as a director or officer to the extent that the person has been successful on the merits or otherwise in the defense of a claim, action, dispute, or issue such that the person has no liability for all Expenses (as defined in Section 8(j), below) incurred in connection with the claim, action, dispute, or issue, if the person was a party due to the person’s role as a director or officer. Indemnification under this subsection (b) shall be made within 10 days of the Company’s receipt of a written demand for indemnification.

 

(c)           Other Cases.  In cases not included under subsection (b), above, the company shall indemnify any director or officer against Liability (as defined in section 8(j), below), and Expenses incurred by the person in connection with a claim, action, dispute, or issue, if the person was a party due to the person’s role as director or officer, unless it shall be concluded that the person breached or failed to perform a duty owed to the Company (using the procedure set out in Section 8(d), below) that constitutes:

 

(i)            A willful failure to deal fairly with the Company in connection with a matter in which the person has a material conflict of interest;

 

(ii)           A violation of criminal law, unless the person had reasonable cause to believe the person’s conduct was lawful or no reasonable cause to believe the conduct was unlawful;

 

(iii)          A transaction from which the person derived an improper personal profit; or

 

(iv)          Willful misconduct.

 

Indemnification required under this subsection (c) shall be made upon the last to occur of (1) 30 days from the Company’s receipt of a written demand for indemnification or (2) the determination set forth in Section 8(d), below.

 

(d)           Means of Determining Whether Indemnification is Required. Unless provided otherwise by a written agreement between the director or officer and the company, determination of whether indemnification is required under this Section 8 shall be made by the Board of Directors. If a director is seeking indemnification, the director shall not be entitled to

 

5



 

vote unless all directors are seeking indemnification. If the Board of Directors determines that a person seeking indemnification under Section 8(c), above, is not entitled to indemnification by arbitration in Oshkosh, Wisconsin, by a single arbitrator mutually agreed to by the party seeking indemnification and the Company pursuant to the then obtaining rules of the American Arbitration Association. The cost of any such arbitration shall be borne by the prevailing party.

 

(e)           Effect of Termination of Proceeding. The termination of a claim, action, dispute, or issue by judgment, order, settlement, or conviction, or upon a plea of no contest or an equivalent plea, does not, by itself, create a presumption that indemnification of the director or officer is not required under this Section 8.

 

(f)            Request for Indemnification and Assignment of Claims Required.  To seek indemnification, the director or officer shall make a written request to the Company. As a further precondition to any right to receive indemnification, the writing shall contain a declaration that the company shall have the right to exercise all rights and remedies available to the director or officer against any other person arising out of, or related to, the claim, action, dispute, or issue that resulted in the Liability and expenses for which the director or officer seeks indemnification, and that the director or officer is deemed to have assigned to the Company all such rights and remedies.

 

(g)           Allowance of Expenses as Incurred.  Upon written request by the director or officer, the Company shall pay or reimburse the person’s Expense incurred as a party to a claim, action, dispute, or issue if the person provides the Company with all of the following;

 

(i)            A written affirmation of the person’s good faith belief that the person has not breached or failed to perform the person’s duties to the Company; and

 

(ii)           A written undertaking, executed personally or on the person’s behalf, to repay the allowance without interest to the extent that it is ultimately determined in accordance with Section 8(d), above, that indemnification under Section 8 is prohibited.

 

The undertaking under this subsection (g) shall be accepted without reference to the director’s or officer’s ability to repay the allowance. The undertaking shall be unsecured.

 

(h)           Insurance.  The company may purchase and maintain insurance on behalf of any person who is a director or officer against any Liability asserted against or incurred by the person in any such capacity or arising out of the person’s status as such, regardless of whether the Company is required or authorized to indemnify or allow Expenses to a director or officer under this Section 8.

 

(i)            Severability.  If this Section 8 or any portion of this Section 8 is invalidated on any ground by any court of competent jurisdiction, the Company shall indemnify the director or officer as to Liabilities and Expenses paid in settlement with respect to any claim, action, dispute, or issue to the full extent permitted by any applicable portion of this Section 8 that is not invalidated or by applicable law.

 

6



 

(j)            Definition of Expense and Liability.  “Expenses” means fees, costs, charges, disbursements, reasonable attorney fees, and any other reasonable expense incurred in connection with a proceeding giving rise to a request for indemnification. “Liability” means the obligation to pay any judgment, settlement, penalty, assessment, forfeiture, or fine whatsoever, including any excise tax assessed with respect to an employee benefit plan.

 

(k)           Continuation of Indemnification.  The indemnification provided by this Section 8 shall be the exclusive indemnification available from the Company to its directors and officers, and shall continue as to a person who has ceased to be a director or officer, and shall inure to the benefit of the heirs, successors, executors, and administrators of any such person.

 

Section 9.  Miscellaneous.  This Agreement shall be governed by the laws of the State of Wisconsin without giving effect to the principles of conflicts of laws and may only be amended in a writing signed by the Member.

 

IN WITNESS WHEREOF, the Member has executed this Agreement as of the date set forth above.

 

OSHKOSH TRUCK CORPORATION

2307 Oregon Street, P.O. Box 2566

Oshkosh, Wisconsin  54903-2566

 

By:

 

 

 

Robert G. Bohn

 

 

Chairman, President and Chief Executive Officer

 

 

7



EX-3.25 24 a2197340zex-3_25.htm EX-3.25

Exhibit 3.25

 

ARTICLES OF INCORPORATION

OF

McNEILUS COMPANIES, INC.

 

ARTICLE I

 

The name of this corporation shall be McNeilus Companies, Inc.

 

ARTICLE II

 

The nature of the business or objects or purpose to be transacted, promoted or carried on are to do any or all of the things herein mentioned as fully and to the same extent as natural persons might do, and in any part of the world, viz:

 

(A)          This corporation is formed for and shall have general business purposes.

 

(B)           In addition, but not in limitation of the above general business purposes, this corporation shall have the authority:

 

(1)                                  To let, hold, acquire, mortgage, sell and convey real estate and personal property necessary or convenient to the foregoing business, including the right to hold, acquire, mortgage, pledge or dispose of shares, bonds, securities and other evidences of indebtedness of any foreign or domestic corporation including its own, or of individuals; and including the right and authority to let, hold, acquire, mortgage, sell, convey and lease to others, real estate and personal property for any purpose whatsoever.

 

(2)                                  To apply for, obtain, register, lease, purchase or otherwise to acquire, and to hold, use, own, operate and introduce and to sell, assign or otherwise dispose of any trademarks, trade names, patents, inventions, improvements and processes used in connection with or secured under the Letters of Patent of the United States, or elsewhere or otherwise; and to use, exercise, develop, grant, license in respect of, or otherwise turn to account any such trademarks, patents, licenses or the like of any such property or rights.

 

(3)                                  To hold, purchase or otherwise acquire, to sell, assign, transfer, mortgage, pledge or otherwise dispose of shares of capital and bonds, debentures or evidences of indebtedness created by other corporations, including its

 



 

own, and while the holder thereof to exercise all rights and privileges of ownership including the right to vote thereon.

 

(4)                                  To do and perform all of those things which are incidental to the foregoing business.

 

(5)                                  To do any and all things set forth in this Certificate of Incorporation and to do all of the things a corporation organized under the laws of the State of Minnesota to the extent and as fully as natural persons might do so far as may be permitted by law. Provided, however, nothing herein contained shall be deemed to authorize this corporation to carry on banking business.

 

ARTICLE III

 

This corporation shall have perpetual existence.

 

ARTICLE IV

 

The location and post office address of its registered office in this state shall be 524 Highway Street SE, Dodge Center, Minnesota 55927, and at such other places as may be determined from time to time by the Board of Directors.

 

ARTICLE V

 

(A)          The aggregate number of shares which this corporation shall have the authority to issue is Ten Million (10,000,000), which shares shall consist of the following:

 

(1)                                  A class of common shares to be designated as Class A voting common shares which class shall consist of 100,000 such shares.

 

(2)                                  A class of common shares to be designated as Class B non-voting common shares which class shall consist of 9,900,000 such shares.

 

(B)           All shares of this Corporation shall be without par value, except such shares shall be deemed to have a par value of $.01 per share solely for the purpose of a statute or regulation imposing a tax or fee based upon the capitalization of a corporation and a par value fixed by the Board if Directors for the purpose of a statute or regulation requiring the shares of a corporation to have a par value.

 

2



 

(C)           Each of the shares of Class A voting common shares and Class B non-voting common shares shall be equal to and identical in all respects with every other share of each of said classes and the shares of each class shall be of equal and identical rights and preferences in all respects to the shares of the other class except that all of the voting power of this corporation shall be vested in the holders of the Class A voting common shares and the Class A voting common shares shall have all of the voting power of this corporation except as otherwise required by law.

 

3



 

ARTICLE VI

 

(A)          The management of this corporation shall be vested in a Board of Directors composed of not less than one nor more than nine members.

 

(B)           The directors and officers of the corporation shall hold their offices until their successors are elected and qualified.

 

ARTICLE VII

 

(A)          The Board of Directors is expressly authorized to make, alter, amend and rescind the By-Laws of the corporation, to designate one or more committees, each committee to consist of one or more of the Directors of the corporation, which to the extent provided in the resolution, or in the By-Laws, shall have and may exercise powers of the Board of Directors in the management of the business and affairs of the corporation. Such committee or committees shall have such name or names as may be stated in the By-Laws of the corporation or as may be determined from time to time by resolutions adopted by the Board of Directors. The Board of Directors shall further have the power to fill any vacancy in any executive office or Board of Directors, until the next annual meeting.

 

(B)           Any action required or permitted to be taken at a meeting of the Board of Directors may be taken by written action signed by the number of Directors required to take the same action at a meeting of the Board of Directors at which all Directors were present.

 

ARTICLE VIII

 

(A)          No Director of the Corporation shall be personally liable to the corporation or its shareholders for monetary damages or breach of fiduciary duty as a Director notwithstanding any

 

4



 

provision of law imposing such liability; provided, however, that, to the extent provided by applicable law, this paragraph shall not eliminate or limit the liability of a Director,

 

(1)                                  for any breach of the Director’s duty of loyalty to the corporation or its shareholders,

 

(2)                                  for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law,

 

(3)                                  under Section 302A.559 or 80A.23, or

 

(4)                                  for any transactions from which the Director derived an improper personal benefit.

 

No amendment or repeal of this paragraph shall apply to or have any effect on the liability or alleged liability of any Director of the Corporation for or with respect to any such acts or omissions of such Director occurring prior to such amendment or repeal.

 

ARTICLE IX

 

The name and post office address of the incorporator is: Thomas A. Winkels, 504 Meadowlark Lane, Dodge Center, Minnesota 55927.

 

5



EX-3.26 25 a2197340zex-3_26.htm EX-3.26

Exhibit 3.26

 

 

BY-LAWS

 

of

 

McNEILUS COMPANIES, INC.

 

adopted

 

February 10, 2003

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Minnesota shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Minnesota changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Minnesota, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Minnesota, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Minnesota.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

2



 

is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Minnesota as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

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Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Minnesota, shall make available at its Minnesota registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

7



 

benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

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EX-3.27 26 a2197340zex-3_27.htm EX-3.27

Exhibit 3.27

 

ARTICLES OF INCORPORATION

 

OF

 

MCNEILUS FINANCIAL, INC.

 

ARTICLE I

 

The name of the corporation is McNeilus Financial, Inc.

 

ARTICLE II

 

The period of its duration is perpetual.

 

ARTICLE III

 

The purpose or purposes for which the corporation is organized are:

 

The transaction of any or all lawful business for which corporations may be incorporated under the Texas Business Corporation Act.

 

ARTICLE IV

 

The aggregate number of shares which the corporation shall have authority to issue is 500,000 with a par value of $10.00 each. Each share of stock shall have identical rights and privileges in every respect.

 

ARTICLE V

 

The corporation will not commence business until it has received for the issuance of its shares consideration of the value of ONE THOUSAND DOLLARS ($1,000.00), consisting of money, labor done, or property actually received.

 



 

ARTICLE VI

 

No shareholder or other person shall nave any preemptive right whatsoever.

 

ARTICLE VII

 

Except to the extent such power may be modified or divested by an action of the shareholders representing the majority of the issued and outstanding shares of the capital stock of the corporation taken at any regular or special meeting of the shareholders, the power to adopt, alter, amend or repeal the by-laws of the corporation shall be vested in the board of directors.

 

ARTICLE VIII

 

Cumulative voting is expressly prohibited.

 

ARTICLE IX

 

The post office address of the initial registered office of the corporation is 1101 Interstate 45 South, Hutchins, Texas 75141, and the names of its initial registered agent at such address is David P. Henderson.

 

ARTICLE X

 

The number of directors constituting the initial board of directors is three (3), and the names and addresses of the persons who are to serve as directors until the first annual meeting of the shareholders, or until their successors are elected and qualified are:

 

Name

 

Address

 

 

 

David P. Henderson

 

1101 Interstate 45 South
Hutchins, Texas 75141

 

 

 

Garwin McNeilus

 

P.O. Box 70
Dodge Center, Minnesota 55925

 

 

 

George Guler

 

P.O. Box 70
Dodge Center, Minnesota 55925

 

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ARTICLE XI

 

The names and addresses of the incorporators are:

 

Name

 

Address

 

 

 

David P. Henderson

 

1101 Interstate 45 South
Hutchins, Texas 75141

 

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EX-3.28 27 a2197340zex-3_28.htm EX-3.28

Exhibit 3.28

 

BY-LAWS

 

of

 

McNEILUS FINANCIAL, INC.

 

adopted

 

February 10, 2003

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Texas shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Texas changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Texas, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Texas, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Texas.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

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is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Texas as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

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Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Texas, shall make available at its Texas registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

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benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

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EX-3.29 28 a2197340zex-3_29.htm EX-3.29

Exhibit 3.29

 

RESTATED AND AMENDED ARTICLES OF INCORPORATION OF
McNEILUS TRUCK AND MANUFACTURING, INC.,
A MINNESOTA CORPORATION

 

These Restated and Amended Articles of Incorporation supersede and take the place of the original Articles of Incorporation, as previously amended, of this corporation.

 

ARTICLE I.

 

The name of this corporation is McNeilus Truck and Manufacturing, Inc.

 

ARTICLE II.

 

The purpose for which the corporation is formed is for general business purposes.

 

ARTICLE III.

 

Its duration shall be perpetual.

 

ARTICLE IV.

 

The location and post office address of its registered office in this State is 524 Highway Street NE, Dodge Center, Minnesota 55927.

 

ARTICLE V.

 

The amount of stated capital with which the corporation shall begin business shall not be less than One Thousand Dollars ($1,000.00).

 

ARTICLE VI.

 

(A)                         The total number of shares is 200,000, having no par value, such shares to be of one class only known as common stock, each share being entitled to one vote.

 

(B)                           No shareholder shall have any preemptive rights to subscribe for, purchase, or acquire any shares of this corporation, whether issued or unissued, or whether now or hereafter authorized, or any obligations or other securities convertible into or exchangeable for such shares, and to the extent permitted by law all such shares, obligations, or other securities convertible into or exchangeable for such shares may be issued and disposed of by the Board of Directors on such terms and for such consideration as the Board of Directors, in its sole discretion, may determine.

 

(C)                           No shareholder shall have the right to cumulate his or her votes in any election of directors of this corporation.

 



 

ARTICLE VII.

 

The management of this corporation shall be vested in a Board of Directors composed of not less than one nor more than seven members, but the number may be increased through by-laws to be adopted by the shareholders, which by-laws max fix the number, qualifications, classification and terms of office of directors.  The names, post office addresses, and terms of office of the members of the Board of Directors are:

 

Garwin McNeilus, Rural Route #1, Dodge Center, Minnesota 55927.

 

Denzil D. McNeilus, Rural Route #1, Dodge Center, Minnesota 55927.

 

Marilee A. McNeilus, Rural Route #1, Dodge Center, Minnesota 55927.

 

Dennis G. McNeilus, Rural Route #1, Dodge Center, Minnesota 55927.

 

They shall hold office until their successors have been elected and qualify.

 

ARTICLE VIII.

 

No director of the corporation shall be personally liable to the corporation or its shareholders for monetary damages or breach of fiduciary duty as a director notwithstanding any provision of law imposing such liability; provided, however, that, to the extent provided by applicable law, this paragraph shall not eliminate or limit the liability of a director,

 

(i)            for any breach of the director’s duty of loyalty to the corporation or its shareholders,

 

(ii)           for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law,

 

(iii)          under Minnesota Statutes Sections 302A.559 or 80A.23, or

 

(iv)          for any transactions from which the director derived an improper personal benefit.

 

No amendment to or repeal of this paragraph shall apply to or have any effect on the liability or alleged liability of any director of the corporation for or with respect to any such acts or omissions of such director occurring prior to such amendment or repeal.

 

ARTICLE IX.

 

The authority to make or alter by-laws, subject to the power of shareholders to change or repeal the same, is vested in the Board of Directors.

 

ARTICLE X.

 

The name and post office address of the incorporator is:

 

Garwin McNeilus, Rural Route #1, Dodge Center, Minnesota  55927

 

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EX-3.30 29 a2197340zex-3_30.htm EX-3.30

Exhibit 3.30

 

BY-LAWS

 

of

 

McNEILUS TRUCK AND MANUFACTURING, INC.

 

adopted

 

February 10, 2003

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Minnesota shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Minnesota changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Minnesota, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Minnesota, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Minnesota.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

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is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Minnesota as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

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Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

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Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Minnesota, shall make available at its Minnesota registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

7



 

benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

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EX-3.31 30 a2197340zex-3_31.htm EX-3.31

Exhibit 3.31

 

ARTICLES OF INCORPORATION
OF

MEDTEC AMBULANCE CORPORATION

 

ARTICLE I
Name

 

The name of the Corporation is Medtec Ambulance Corporation.

 

ARTICLE II
Purposes

 

The purposes for which the Corporation is formed are:

 

To engage in any commercial and/or industrial enterprise calculated to be profitable to this Corporation and in conformity with laws of the State of Indiana.

 

ARTICLE III
Period of Existence

 

The period during which the Corporation shall continue is Perpetual.

 

ARTICLE IV
Resident Agent and Principal Office

 

Section 1.  Resident Agent.  The name and address of the Corporation’s Resident Agent for service of process is Robert B. Beeson, 222 North Main Street, Goshen, Indiana  46526.

 

Section 2.  Principal Office.  The post office address of the principal office of the Corporation is 64697 U. S. 33 East, Goshen, Indiana  46526.

 

ARTICLE V

Authorized Shares

 

Section 1.  Number of Shares:

 

The total number of shares which the corporation is to have authority to issue if 1,000.

 

A.            The number of authorized shares which the corporation designates as having par value is -0- with a par value of $-0-.

 

B.            The number of authorized shares which the corporation designates as without par value is 1,000.

 



 

Section 2.  Terms of Shares (if any):

 

A.            All of the authorized shares of capital stock shall consist of common stock and all common stock shall be alike in every respect.

 

B.            All common stock shall be non-assessable.

 

C.            Transfers of shares shall be governed by the By-Laws, subject to Acts of 1963, Ch. 317 (The Uniform Commercial Code) as amended, from time to time.

 

ARTICLE VI

Requirements Prior to Doing Business

 

The Corporation will not commence business until consideration of the value of at least $1,000 (one thousand dollars) has been received for the issuance of shares.

 

ARTICLE VII

Director(s)

 

Section 1.  Number of Directors:  The initial Board of Directors is composed of four (4) member(s).  The number of directors may be from time to time fixed by the By-Laws of the Corporation at any number.  In the absence of a By-Law fixing the number of directors, the number shall be four (4).

 

Section 2.  Names and Post Office Addresses of the Director(s):  The name(s) and post office address(es) of the initial Board of Director(s) of the Corporation is (are):

 

Name

 

Number and Street or Building

 

City

 

State

 

Zip Code

 

 

 

 

 

 

 

 

 

Lester A. Prothe

 

Box 328

 

Leesburg

 

IN

 

46538

 

 

 

 

 

 

 

 

 

Richard T. McCoy

 

206 East Electric Court

 

Sturgis

 

MI

 

49091

 

 

 

 

 

 

 

 

 

Patricia A. Prothe

 

Box 328

 

Lessburg

 

IN

 

46538

 

 

 

 

 

 

 

 

 

Laura M. McCoy

 

206 East Electric Court

 

Sturgis

 

MI

 

49091

 

Section 3.  Qualifications of Directors (if any):  Directors need not be shareholders of the corporation.

 

ARTICLE VIII

Incorporator(s)

 

The name(s) and post office address(es) of the incorporator(s) of the Corporation is (are):

 

Name

 

Number and Street or Building

 

City

 

State

 

Zip Code

 

 

 

 

 

 

 

 

 

Lester A. Prothe

 

Box 328

 

Leesburg

 

IN

 

46538

 

2



 

Richard T. McCoy

 

206 East Electric Court

 

Sturgis

 

MI

 

49091

 

ARTICLE IX

Provisions for Regulation of Business

And Conduct of Affairs of Corporation

 

1.             In addition to the powers and authorities hereinabove or by statute expressly conferred, the Board of Directors is hereby authorized to exercise all such powers and to do all such acts and things as may be exercised or done by a corporation organized and existing under the provisions of The Indiana General Corporation Act.

 

2.             The Corporation reserves the right to amend, alter, change or repeal any provisions contained in these Articles of Incorporation in the manner now or hereafter prescribed by the provisions of the Indiana General Corporation Act of any other pertinent enactment of the General Assembly of the State of Indiana and all rights and powers conferred hereby on stockholders, directors and/or officers are subject to this reserve power.

 

3.             If this Corporation enters into contracts or transacts business with one or more of its directors or with any firm of which one or more of its directors are members or with any other corporation or association of which one or more of its directors are shareholders, directors or officers, such contract or transaction shall not be invalidated or in any way affected by the fact that such director or directors have or may have interests herein which are or might be adverse to the interests of this Corporation, provided that such contract or transaction is entered into in good faith.

 

4.             The Board of Directors of the Corporation shall have the power, without the assent of vote of the shareholders, to make, alter, amend or repeal the Code of By-Laws of the Corporation, but the affirmative vote of a majority of the members of the Board of Directors, for the time being, shall be necessary to make such Code or to affect any alteration, amendment or repeal thereof.  All provisions for the regulation of the business and management of the affairs of the Corporation shall be stated in the By-Laws.

 

5.             Meetings of the shareholders of the Corporation be held at such place, within or without the State of Indiana, as may be specified in the respective notices, or waivers of notice, thereof.  Any action which may be taken at a meeting of the shareholders, may be taken without a meeting if, prior to such action, a consent in writing, setting forth the action so taken, shall be signed by all of the shareholders entitled to vote with respect to the subject matter thereof, and such written consent is filed with the minutes of the proceedings of the shareholders.

 

6.             Meetings of the Directors of the Corporation shall be held at such place within or without the State of Indiana, as may be specified in the respective notices, or waivers or notice thereof.  Any action, required or permitted to be taken at any meeting or the Board of Directors or of any committee thereof may be taken without a meeting, if prior to such action a written consent to such action is signed by all members of the Board or of such committee as the case may be, and such written consent is filed with the minutes of proceedings of the Board or committee.

 

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7.             Any action required or permitted to be taken at any meeting of the Board of Directors of any committee thereof may be taken without a meeting if, prior to such action, a written consent thereto is signed by all of the Board of Directors or of such committee, as the case may be, and such written consent is filed with the minutes of proceedings of the Board of Directors of such committee.

 

4



EX-3.32 31 a2197340zex-3_32.htm EX-3.32

Exhibit 3.32

 

BY-LAWS

 

of

 

MEDTEC AMBULANCE CORPORATION

 

adopted

 

February 10, 2003

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Indiana shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Indiana changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Indiana, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Indiana, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Indiana.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

2



 

is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Indiana as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

3



 

Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

6



 

Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Indiana, shall make available at its Indiana registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

7



 

benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

8



EX-3.33 32 a2197340zex-3_33.htm EX-3.33

Exhibit 3.33

 

ARTICLES OF INCORPORATION — STOCK FOR-PROFIT CORPORATION

 

Article 1.  Name of corporation: Oshkosh Specialty Vehicles, Inc.

 

Article 2.  The corporation is organized under Ch. 180 of the Wisconsin Statutes

 

Article 3.  The corporation shall be authorized to issue 10,000 shares

 

Article 4.  Name of the initial registered agent: CT Corporation System

 

Article 5.  Street address of the initial registered

 

office: (The complete address, including

 

 

street and number, if assigned, and ZIP

8025 Excelsior Drive, Suite 200,

 

code P O Box address may be included

 

 

as part of the address, but is insufficient

Madison, WI 53717

 

alone.)

 

 

Article 6.  Other provisions (Optional):

 

Article 7.  Name and complete address of each incorporator:

 

Robert Rubenstein

2307 Oregon Street

PO. Box 2566

Oshkosh, WI 54903-2566

 



EX-3.34 33 a2197340zex-3_34.htm EX-3.34

Exhibit 3.34

 

BY-LAWS

 

of

 

AK ACQUISITION CORP.

 

adopted

 

June 17, 2006

 



 

Article I.                Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Wisconsin shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the Department of Financial Institutions of Wisconsin changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Wisconsin, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have a seal.

 

Article II.              Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Wisconsin, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Wisconsin.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

2



 

is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.             Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Wisconsin as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

3



 

Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.             Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.              Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

6



 

Article VI.             Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.           Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Wisconsin, shall make available at its Wisconsin registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.          Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the benefit

 

7



 

of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.             Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.              Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

8



EX-3.35 34 a2197340zex-3_35.htm EX-3.35

Exhibit 3.35

 

RESTATED ARTICLES OF INCORPORATION

OF

PIERCE MANUFACTURING INC.

 

Article 1.                Name.  The name of the corporation is Pierce Manufacturing Inc.

 

Article 2.                Purpose.  The corporation may engage in any lawful activity within the purposes for which corporations may be organized under the Wisconsin Business Corporation Law, Chapter 180, Wisconsin Statutes.

 

Article 3.                Authorized shares.  The aggregate number of shares of stock which the corporation shall have authority to issue is Four Hundred Forty Two Thousand (442,000), consisting of one class only, designated as “Common Stock” with a par value of five cents ($.05) per share.

 

Article 4.                Registered office and registered agent.  The address of the registered office is 2600 American Drive, P.O. Box 2017, Appleton, Winnebago County, Wisconsin 54913. The name of the corporation’s registered agent at such address is Michael R. Reese.

 

Article 5.                [Intentionally Omitted]

 

Article 6.                Corporate stock transactions.  The corporation is authorized to acquire and dispose of its own shares.

 

Article 7.                Preemptive Rights.  No holder of stock of the corporation shall, as such holder, have any right to purchase or subscribe for any shares of the capital stock of the corporation which it may issue or sell, or for any securities convertible into or carrying a right to subscribe to or acquire any shares of capital stock of the corporation (whether out of the number of shares authorized by these Articles of Incorporation, or out of any shares acquired by the corporation after the issue thereof, or otherwise) other than such right, if any, as the Board of Directors, in its discretion, may determine.

 



EX-3.36 35 a2197340zex-3_36.htm EX-3.36

Exhibit 3.36

 

BY-LAWS

 

of

 

PIERCE MANUFACTURING INC.

 

adopted

 

February 10, 2003

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Wisconsin shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the Department of Financial Institutions of Wisconsin changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Wisconsin, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have a seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Wisconsin, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Wisconsin.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

2



 

is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Wisconsin as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

3



 

Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

6



 

Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Wisconsin, shall make available at its Wisconsin registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

7



 

benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

8



EX-3.37 36 a2197340zex-3_37.htm EX-3.37

Exhibit 3.37

 

ARTICLES OF INCORPORATION

OF

VIKING TRUCK & EQUIPMENT SALES, INC.

 

FIRST:  The name of this corporation shall be Viking Truck & Equipment Sales, Inc.

 

SECOND:  The place in Ohio where its principal office is to be located is Fairfield, Butler County, Ohio.

 

THIRD:  The primary purpose which this corporation is formed is a to engage in any lawful act or activities for which corporations may be formed under Sections 1701.01 to 1701.98, inclusive, of the Ohio Revised Code.

 

FOURTH:  The authorized number of shares which the corporation is authorized to have outstanding is Seven Hundred Fifty (750), all of which shall be designated Common Shares and shall be without par value.

 

FIFTH:  The amount of stated capital with which the corporation will begin business is Five Hundred Dollars (500.00).

 

SIXTH:  When authorized by the affirmative vote of the Board of Directors, without the action or approval of the shareholders of this corporation, this corporation may purchase, or contract to purchase, at any time and from time to time, shares of any class issued by this corporation, voting trust certificates for shares, bonds, debentures, notes, script, warrants, obligations, evidences of indebtedness or any other securities of this corporation, for such prices and upon and subject to such terms and conditions as the Board of Directors may determine provided that no such purchase shall be made, pursuant to any such contract or otherwise, if after such purchase the assets of this corporation would be less than its liabilities plus stated capital or

 



 

if it is insolvent as defined in the General Corporation Law of Ohio or if there is reasonable ground to believe that by such purchase it would be rendered insolvent.

 

SEVENTH:  No contract or transaction shall be void or voidable with respect to the corporation for the reason that it is between the corporation and one or more of its directors or officers, or between the corporation and any other person in which one or more of its directors or officers are directors, trustees, or officers, or have a financial or personal interest, or for the reason that one or more interested directors or officers participate in or vote at the meeting of the directors or a committee thereof which authorizes such contract or transaction, if any such case (a) the material facts as to his or their relationship or interest and as to the contract or transaction are disclosed or are known to the directors or the committee and the directors or committee, in good faith reasonably justified by such facts, authorize the contract or transaction by the affirmative vote of a majority of the disinterested directors, even though the disinterested directors constitute less than a quorum, or (b) the material facts as to his or their relationship or interest and as to the contract or transaction are disclosed or are known to the shareholders entitled to vote thereon and the contract or transaction is specifically approved at a meeting of the shareholders held for such purpose by the affirmative vote of the holders of shares entitling them to exercise a majority of the voting power of the corporation held by persons not interested in the contract or transaction; or (c) the contract or transaction is fair as to the corporation as of the time it is authorized or approved by the directors, a committee thereof, or the shareholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the directors, or of a committee thereof which authorizes the contract or transaction.

 

2



EX-3.38 37 a2197340zex-3_38.htm EX-3.38

Exhibit 3.38

 

BY-LAWS

 

of

 

VIKING TRUCK & EQUIPMENT SALES, INC.

 

adopted

 

February 10, 2003

 



 

Article I.  Offices.

 

Section 1.01           Registered Office.  The registered office of the corporation in Ohio shall be that set forth in the (a) articles of incorporation; (b) the most recent amendment of the articles of incorporation; or (c) statement filed with the secretary of state of Ohio changing the registered office.

 

Section 1.02           Other Offices.  The corporation may have such other offices, within or without the state of Ohio, as the directors shall, from time to time, determine.

 

Section 1.03           Corporate Seal.  The corporation shall have no seal.

 

Article II.  Meetings of Shareholders.

 

Section 2.01           Place and Time of Meetings.  Except as provided otherwise by law, meetings of the shareholders may be held at any place, within or without the state of Ohio, as may from time to time be designated by the board of directors and, in the absence of such designation, shall be held at the registered office of the corporation in the state of Ohio.  The board of directors shall designate the time of day for each meeting and, in the absence of such designation, every meeting of shareholders shall be held at 10:00 a.m.

 

Section 2.02           Regular Meetings.

 

(a)           Regular meetings of the shareholders may be held on an annual or other less frequent basis but need not be held unless required by law.

 

(b)           At each regular meeting of shareholders, the shareholders shall elect qualified successors for directors who serve for an indefinite term or whose terms have expired or are due to expire within six months after the date of the meeting and shall transact such other business as may properly come before them.

 

Section 2.03           Special Meetings.  Special meetings of the shareholders may be called for any purpose or purposes at any time by the chief executive officer, the chief financial officer, two or more directors or in the manner provided by law by a shareholder or shareholders holding 10% or more of the voting power of all shares entitled to vote, except that a special meeting for the purpose of considering any action to directly or indirectly facilitate or affect a business combination, including any action to change or otherwise affect the composition of the board of directors for that purpose must be called by 25% or more of the voting power of all shares entitled to vote.  Special meetings shall be held on the date and at the time and place fixed by the chief executive officer, the chief financial officer or the board of directors, except that a special meeting called by or at demand of a shareholder or shareholders shall be held in the county where the principal executive office is located.  The business transacted at a special meeting shall be limited to the purposes as stated in the notice of the meeting.

 

Section 2.04           Quorum, Adjourned Meetings.  The holders of a majority of the voting power of the shares entitled to vote shall constitute a quorum for the transaction of business at any regular or special meeting.  Whether or not a quorum is present at a meeting, the meeting

 



 

may be adjourned from time to time without notice other than announcement at the time of adjournment of the date, time and place of the adjourned meeting.  At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed.  If a quorum is present when a duly called or held meeting is convened, the shareholders present may continue to transact business until adjournment even though the withdrawal of enough shareholders originally present leaves less than the proportion other is required for a quorum.

 

Section 2.05           Voting.  At each meeting of the shareholders every shareholder having the right to vote shall be entitled to vote either in person or by proxy.  Unless otherwise provided in the articles of incorporation or the terms of the shares, a shareholder shall have one vote for each share held.  Jointly owned shares may be voted by any joint owner unless the corporation receives written notice from any one of them denying the authority of that person to vote those shares.  The shareholders shall take action by the affirmative vote of the holders of the greater of (1) a majority of the voting power of the shares present and entitled to vote on that item of business or (2) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting, except as otherwise required by law.

 

Section 2.06           Record Date.  The board of directors may fix, or authorize an officer to fix, a date, not more than 60 days before the date of any meeting of shareholders, as a record date for the determination of the shareholders entitled to notice of, and entitled to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date so fixed.  If the board of directors fails to fix a record date for determination of the shareholders entitled to notice of, and entitled to vote at, any meeting of shareholders, the record date shall be the 20th day preceding the date of such meeting.

 

Section 2.07           Notice of Meetings.  Notice of all meetings of shareholders shall be given to each holder of shares entitled to vote at the meeting, at such shareholder’s address as shown by the books of the corporation, containing the date, time and place of the meeting at least 10 days before the date of the meeting, except as otherwise provided in Section 2.04 with respect to adjourned meeting and as otherwise provided by law.  Every notice of any special meeting shall state the purpose or purposes for which the meeting has been called, and the business transacted at all special meetings shall be confined to the purposes stated in the notice.

 

Section 2.08           Waiver of Notice.  Notice of any meeting may be waived by any shareholder either before, at or after such meeting orally or in writing signed by such shareholder or a representative entitled to vote the shares of such shareholder.  Attendance by a shareholder at a meeting is a waiver of notice of such meeting, except where the shareholder objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at that meeting and does not participate in the consideration of the item at that meeting.

 

Section 2.09           Written Action.  Any action required or permitted to be taken at a meeting of the shareholders may be taken without a meeting by written action (which may be in counterparts) signed by all of the shareholders entitled to vote on that action.  The written notice

 

2



 

is effective when it has been signed by all of those shareholders, unless a different effective time is provided in the written actions.

 

Article III.  Directors.

 

Section 3.01           General Powers.  The business and affairs of the corporation shall be managed by or under the direction of the board of directors, except as otherwise permitted by law.  The holders of the shares entitled to vote for directors of the corporation may, by unanimous affirmative vote, take any action that the board of directors is required or permitted by law to take.

 

Section 3.02           Number.  The number of directors of the corporation shall be determined from time to time by the board of directors.

 

Section 3.03           Board Meetings.  Meetings of the board of directors may be held from time to time at such time and place within or without the state of Ohio as may be designated in the notice of such meeting.

 

Section 3.04           Calling Meetings; Notice.  Meetings of the board of directors maybe called by the chairman of the board, by giving at least 24 hours’ notice, or by any other director, by giving at least five days’ notice, of the date, time and place thereof to each director by mail, telephone, facsimile, electronic transmission or in person.  If the date, time and place of a meeting of the board of directors has been announced at a previous meeting of the board, no notice is required.  Notice of an adjourned meeting of the board of directors need not be given other than by announcement at the meeting at which adjournment is taken.

 

Section 3.05           Waiver of Notice.  Notice of any meeting of the board of directors may be waived by any director either before, at or after such meeting orally or in a writing signed by such director.  Attendance by a director at a meeting of the board of directors, is a waiver of notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened and does not participate thereafter in the meeting.

 

Section 3.06           Quorum.  A majority of the directors holding office immediately prior to a meeting of the board of directors shall constitute a quorum for the transaction of business at such meeting.  In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present.  If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion or number otherwise required for a quorum.

 

Section 3.07           Conference Communications.  Any or all directors may participate in any meeting of the board of directors, or of any duly constituted committee thereof, by any means of communication through which the directors may simultaneously hear each other during such meeting and such participation constitutes presence in person at the meeting.

 

3



 

Section 3.08           Vacancies; Newly Created Directorships.  Vacancies on the board of directors by reason of death, resignation, removal or disqualification shall be filled for the unexpired term by a majority of the remaining directors even though less than a quorum; vacancies on the board of directors resulting from newly created directorships may be filled by the affirmative vote of a majority of directors serving at the time of such increase; and each such director shall be a director until a qualified successor is elected by the shareholders at the next regular or special meeting of the shareholders.

 

Section 3.09           Removal.  A director may be removed at any time, with or without cause, by the affirmative vote of the shareholders holding a majority of the shares entitled to vote at an election of directors.  A director named by the board of directors to fill a vacancy may be removed from office at any time, with or without cause, by the affirmative vote of the remaining directors if the shareholders have not elected directors in the interim between the time of the appointment to fill such vacancy and the time of the removal.  New directors may be elected at a meeting at which directors are removed.

 

Section 3.10           Committees.  A resolution approved by the affirmative vote of a majority of the board of directors may establish committees having the authority of the board in the management of the business of the corporation to the extent provided in the resolution.  A committee shall consist of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.  Committees other than special litigation committees and committees formed pursuant to applicable law are subject at all time to the direction and control of, and vacancies in the membership thereof shall be filled by, the board of directors.  A majority of the members of the committee present at a meeting is a quorum for the transaction of business, unless a larger or smaller proportion or number is provided in a resolution approved by the affirmative vote of a majority of the directors present.

 

Section 3.11           Written Action.  An action required or permitted to be taken at a meeting of the board of directors, or any duly constituted committee thereof, may be taken by written action signed by all of the directors or committee members.

 

Section 3.12           Compensation.  The board of directors may fix the compensation of directors.  The board of directors may provide that all directors shall receive their expenses, if any, of attendance at meetings of the board of directors or any committee thereof.  Any director may serve the corporation in any other capacity and receiving proper compensation therefor.

 

Article IV.  Officers.

 

Section 4.01           Number.  The officers of the corporation shall consist of a chairperson of the board (if one is elected by the board), the president, one or more vice presidents (if desired by the board), a treasurer, a secretary (if one is elected by the board) and such other officers and agents as may, from time to time, be elected by the board of directors.  Any number of offices may be held by the same person.

 

Section 4.02           Election, Term of Office and Qualifications.  The board of directors shall elect from within or without their number, the president, treasurer and such other officers as may be deemed advisable, each of whom shall have the powers, rights, duties, responsibilities and

 

4



 

terms of office as determined by the board of directors and not inconsistent therewith.  The term president and all other officers who may be directors (other than the chairperson of the board) shall not be affected by an earlier termination of their directorship.

 

Section 4.03           Removal and Vacancies.  An officer may be removed by the board of directors at any time, with or without cause.  Such removal shall be without prejudice to the contractual rights of the person so removed.  A vacancy in an office of the corporation because of death, resignation, remand, disqualification or other cause, may be filled for the unexpired portion of the term by the board of directors.

 

Section 4.04           Chairperson of the Board.  The chairperson of the board, if one is elected, shall preside at all meetings of the shareholders and directors and shall have such other duties as may be prescribed, from time to time, by the board of directors.

 

Section 4.05           President.  The president shall, unless otherwise designated by a resolution of the board of directors, be the chief executive officer and shall have general active management of the business of the corporation.  In the absence of the chairperson of the board, the president shall preside at all meetings of the shareholders and directors.  The president shall see that all orders and resolutions of the board of directors are carried into effect.  The president shall execute and deliver, in the name of the corporation, any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the corporation unless the authority to execute and deliver is required by law to be exercised by another person or is expressly delegated by the articles or bylaws or by the board of directors to some other officer or agent of the corporation.  The president shall maintain records of and, whenever necessary, certify all proceedings of the board of directors and the shareholders, and in general, shall perform all duties usually incident to the office of the president.  The president shall have such other duties as may, from time to time, be prescribed by the board of directors.

 

Section 4.06           Executive Vice President and Vice President.  Each executive vice president and vice president, if one or more is elected, shall have such powers and shall perform such duties as prescribed by the board of directors or by the president.  In the event of the absence or disability of the president, the executive vice president(s) and vice president(s) shall succeed to the president’s power and duties in the order designated by the board of directors.

 

Section 4.07           Secretary.  The secretary, if one is elected, shall be secretary of and shall attend all meetings of the shareholders and board of directors and shall record all proceedings of such meetings in the minute book of the corporation.  The secretary shall give proper notice of meetings of shareholders and directors.  The secretary shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.08           Treasurer.  The treasurer shall, unless otherwise designated by a resolution of the board of directors, be the chief financial officer and shall keep accurate financial records for the corporation.  The treasurer shall deposit all moneys, drafts and checks in the name of, and to the credit of, the corporation in such banks and depositories as the board of directors shall, from time to time, designate.  The treasurer shall have power to endorse, for deposit, all notes, checks and drafts received by the corporation.  The treasurer shall disburse the funds of the corporation, as ordered by the board of directors, making proper vouchers therefor.  The

 

5



 

treasurer shall render to the president and the directors, whenever requested, an account of all transactions entered into as treasurer and of the financial condition of the corporation, and shall perform such other duties as may, from time to time, be prescribed by the board of directors or by the president.

 

Section 4.09           Compensation.  The officers of the corporation shall receive such compensation for their services as may be determined, from time to time, by the board of directors.

 

Article V.  Shares and Their Transfer.

 

Section 5.01           Certificates for Shares.  All shares of the corporation shall be certificated shares.  Every owner of shares of the corporation shall be entitled to a certificate for shares, to be in such form as shall be prescribed by the board of directors.  The certificates for such shares shall be numbered in the order in which they shall be issued and shall be signed, in the name of the corporation, by the president and by the secretary or an assistant secretary, or by such officers as the board of directors may designate.  Every certificate surrendered to the corporation for exchange or transfer shall be canceled, and no new certificate or certificates shall be issued in exchange for any existing certificate until such existing certificate shall have been so canceled, except in cases provided for in Section 5.04.

 

Section 5.02           Issuance of Shares.  The board of directors may authorize the issuance of securities and rights to purchase securities.  Shares may be issued for any consideration, including, without limitation, money or other tangible or intangible property, received or to be received by the corporation under a written agreement, of services rendered or to be rendered to the corporation, or of an amount transferred from surplus to stated capital upon a share dividend as authorized by the board of directors.

 

Section 5.03           Transfer of Shares.  Transfer of shares on the books of the corporation may be authorized only by the shareholder named in the certificate, or the shareholder’s legal representative, or the shareholder’s duly authorized attorney-in-fact, and upon surrender of the certificate or the certificates for such shares.  The corporation may treat as the absolute owner of shares of the corporation, the person or persons in whose name shares are registered on the books of the corporation.

 

Section 5.04           Loss of Certificates.  Except as otherwise provided by law, any shareholder claiming a certificate for shares to be lost, stolen or destroyed shall make an affidavit of that fact in such form as the board of directors shall require and shall, if the board of directors so requires, give the corporation a bond of indemnity in form, in an amount, and with one or more sureties satisfactory to the board of directors, to indemnify the corporation against any claim which may be made against it on account of the reissue of such certificate, whereupon a new certificate may be issued in the same tenor and for the same number of shares as the one alleged to have been lost, stolen or destroyed.

 

6



 

Article VI.  Distributions, Record Date.

 

Section 6.01           Distributions.  The board of directors may authorize and cause the corporation to make distributions whenever, and in such amounts or forms as, in its opinion, are deemed advisable.

 

Section 6.02           Record Date.  The board of directors may fix a date not exceeding 120 days preceding the date fixed for the payment of any distribution as the record date for the determination of the shareholders entitled to receive payment of the distribution and, in such case, only shareholders of record on the date so fixed shall be entitled to receive payment of such distribution notwithstanding any transfer of shares on the books of the corporation after the record date.

 

Article VII.  Books And Records, Fiscal Year.

 

Section 7.01           Share Register.  The corporation shall keep at its principal executive office, or at another place or places within the United States determined by the board of director:  (1) a share register not more than one year old, containing the names and addresses of the shareholders and the number and classes of shares held by each shareholder and (2) a record of the dates on which certificates or transaction statements representing shares were issued.

 

Section 7.02           Other Books and Records.  The corporation shall keep at its principal executive office, or, if its principal executive office is not in Ohio, shall make available at its Ohio registered office within ten days after receipt by an officer of the corporation of a written demand for them made by a shareholder, beneficial owner or a holder of a voting trust certificate, originals or copies of (a) records of all proceedings of shareholders for the last three years; (b) records of all proceedings of the board for the last three years; (c) its articles and all amendments currently in effect; (d) its bylaws and all amendments currently in effect; (e) financial statements required by law and the financial statements for the most recent interim period prepared in the course of the operation of the corporation for distribution to the shareholders or to a governmental agency as a matter of public record; (f) reports made to shareholders generally within the last three years; (g) a statement of the names and usual business addresses of its directors and principal officers; (h) any voting trust agreement filed with the corporation; (i) any shareholder control agreement filed with the corporation; and (j) any agreements, contracts or other arrangements or portions thereof that are incorporated by reference in the articles of incorporation or board resolutions that establish the rights or preferences of a class or series of shares of the corporation.

 

Section 7.03           Fiscal Year.  The fiscal year of the corporation shall be determined by the board of directors.

 

Article VIII.  Loans, Guarantees, Suretyship.

 

The corporation may lend money to, guarantee an obligation of, become a surety for or otherwise financially assist a person if the transaction, or a class of transactions to which the transaction belongs, is approved by the affirmative vote of a majority of the directors present and (a) is in the usual and regular course of business of the corporation; (b) is with, or for the

 

7



 

benefit of, a related organization, an organization in which the corporation has a financial interest, an organization with which the corporation has a business relationship, or an organization to which the corporation has the power to make donations, any of which relationships constitute consideration sufficient to make the loan/guarantee, suretyship, or other financial assistance so approved enforceable against the corporation; (c) is with, or for the benefit of, an officer or other employee of the corporation or a subsidiary, including an officer or employee who is a director of the corporation or a subsidiary, and may reasonably be expected, in the judgment of the board, to benefit the corporation; or (d) whether or not any separate consideration has been paid or promised to the corporation, has been approved by (i) the holders of two-thirds of the voting power of the shares entitled to vote which are owned by persons other than the interested person or persons, or (ii) the unanimous affirmative vote of the holders of all outstanding shares whether or not entitled to vote.  Such loan, guarantee, surety contract or other financial assistance may be with or without interest, and may be unsecured, or may be secured in the manner as a majority of the directors present approve, including, without limitation, a pledge of or other security interest in shares of the corporation.

 

Article IX.  Indemnification of Certain Persons.

 

The corporation shall indemnify all officers and directors of the corporation, for such expenses and liabilities, in such manner, under such circumstances and to such extent as permitted by law.  Unless otherwise approved by the board of directors, the corporation shall not indemnify any employee of the corporation who is not otherwise entitled to indemnification pursuant to this Article IX.  The board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the corporation shall advance all reasonable costs and expenses (including attorneys’ fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under this Article IX, all in the manner, under the circumstances and to the extent permitted by law.

 

Article X.  Amendments.

 

These bylaws may be amended or repealed by a vote of the majority of the whole board of directors at any meeting.  Such authority of the board of directors is subject to the power of the shareholders, exercisable in the manner provided by law to adopt, amend or repeal bylaws adopted, amended or repealed by the board of directors.

 

8



EX-4.2 38 a2197340zex-4_2.htm EX-4.2

Exhibit 4.2

 

8¼% SENIOR NOTES DUE 2017

 

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.6(e)(v) OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.6(b) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUER.  UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

1



 

OSHKOSH CORPORATION

8¼% SENIOR NOTES DUE 2017

 

No. R-1

 

CUSIP:

688225 AB7

 

 

ISIN:

US688225AB73

 

Oshkosh Corporation promises to pay to Cede & Co., or registered assigns, the principal sum of               Dollars ($             ) on March 1, 2017.

 

Interest Payment Dates:  March 1 and September 1, beginning September 1, 2010

 

Record Dates:  February 15 and August 15

 

Reference is made to further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as set forth at this place.

 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefits under the Indenture referred to on the reverse hereof or be valid or obligatory for any purpose.

 

2



 

In WITNESS HEREOF, the Company has caused this instrument to be duly executed.

 

 

 

Oshkosh Corporation

 

 

 

 

 

By:

 

 

 

Name:

David M. Sagehorn

 

 

Title:

Executive Vice President and

 

 

 

Chief Financial Officer

 

 

 

 

 

Oshkosh Corporation

 

 

 

 

 

By:

 

 

 

Name:

R. Scott Grennier

 

 

Title:

Vice President and Treasurer

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Notes of the series designated herein issued under the within-mentioned Indenture.

 

 

Dated:

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

 

as Trustee

 

 

 

 

 

By:

 

 

 

Name:

 

 

Title:

 

3



 

8¼% SENIOR NOTES DUE 2017

 

OSHKOSH CORPORATION

 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated.

 

(1)           Interest.

 

(a)           Oshkosh Corporation, a Wisconsin corporation (“Oshkosh,” the “Issuer” or the “Company”), promises to pay interest on the principal amount of this Note (the “Notes” or the “2017 Notes”) at a fixed rate.  Oshkosh will pay interest in United States dollars (except as otherwise provided herein) semiannually in arrears on March 1 and September 1 of each year, commencing on September 1, 2010 or, if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment Date”).  Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including March 3, 2010; provided that if there is no existing Default or Event of Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date (but after March 3, 2010), interest shall accrue from such next succeeding Interest Payment Date, except in the case of the original issuance of the Notes, in which case interest shall accrue from the date of authentication.  Oshkosh shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate equal to 1% per annum in excess of the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful.  Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.  The interest rate on the Notes will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application.

 

(2)           Method of Payment.  Oshkosh will pay interest on the Notes (except defaulted interest) on the applicable Interest Payment Date to the Persons who are registered Holders of the Notes at the close of business on the February 15 and August 15 preceding the Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest.

 

The Notes shall be payable as to principal, premium and interest at the office or agency of Oshkosh maintained for such purpose within or without the City and State of New York, or, at the option of Oshkosh, payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds shall be required with respect to principal of, premium, if any, and interest on, all Global Notes and all other Notes the Holders of which shall have provided written wire transfer instructions to Oshkosh and the Paying Agent.  Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

 

4



 

Any payments of principal of and interest on this Note prior to Stated Maturity shall be binding upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted hereon.  The amount due and payable at the maturity of this Note shall be payable only upon presentation and surrender of this Note at an office of the Trustee or the Trustee’s agent appointed for such purposes.

 

(3)           Paying Agent and Registrar.  Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, shall act as Paying Agent and Registrar.  Oshkosh may change any Paying Agent or Registrar without notice to any Holder.  Oshkosh or any of its Restricted Subsidiaries may act in any such capacity.

 

(4)           Indenture.  Oshkosh issued the Notes under an Indenture, dated as of March 3, 2010 (the “Indenture”), among Oshkosh, the Guarantors and the Trustee.  The terms of the Notes include those stated in the Indenture and those made a part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “TIA”).  To the extent the provisions of this Note are inconsistent with the provisions of the Indenture, the Indenture shall govern.  The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms.  The Notes issued on the Issue Date are senior unsecured Obligations of Oshkosh limited to $250,000,000 in aggregate principal amount, plus amounts, if any, sufficient to pay premium and interest on outstanding Notes as set forth in Paragraph 2 hereof.  The Indenture permits the issuance of Additional Notes subject to compliance with certain conditions.

 

The payment of principal and interest on the Notes is unconditionally guaranteed on a senior unsecured basis by the Guarantors.

 

(5)           Optional Redemption.

 

(i)            The 2017 Notes are subject to redemption, at the option of the Issuer, in whole or from time to time in part, at any time on or after March 1, 2014 upon not less than 30 nor more than 60 days’ written notice at the Redemption Prices (expressed as percentages of the principal amount to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior to the redemption date), if redeemed during the 12-month period beginning on March 1 of the years indicated below:

 

Year

 

Redemption Price

 

2014

 

104.125

%

2015

 

102.063

%

2016 and thereafter

 

100.000

%

 

(ii)           Prior to March 1, 2013, the Issuer may from time to time, with the net cash proceeds of one or more Qualified Equity Offerings, redeem up to 35% of the aggregate principal amount of the then outstanding 2017 Notes (including Additional 2017 Notes) at a Redemption Price equal to 108.250% of the principal amount thereof,

 

5



 

together with accrued and unpaid interest thereon, if any, to the date of redemption (subject to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior to the redemption date); provided that at least 65% of the principal amount of 2017 Notes then outstanding (including Additional 2017 Notes) remains outstanding immediately after the occurrence of any such redemption (excluding 2017 Notes held by the Company or its Subsidiaries) and that any such redemption occurs within 90 days following the closing of any such Qualified Equity Offering.

 

(6)          Mandatory Redemption.  Oshkosh shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes.

 

(7)           Repurchase at Option of Holder.

 

(a)           Upon the occurrence of a Change of Control, Oshkosh will make an Offer to Purchase for all of the outstanding Notes at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to but not including the date of purchase.  Within 60 days following any Change of Control, Oshkosh will mail or deliver a notice to each Holder describing the transaction or transactions that constitute the Change of Control setting forth the procedures governing the Change of Control Offer required by the Indenture.

 

(b)           Upon the occurrence of certain Asset Sales, Oshkosh may be required to offer to purchase the Notes.

 

(c)           Holders of the Notes that are the subject of an Offer to Purchase will receive notice of an Offer to Purchase pursuant to an Asset Sale or a Change of Control from Oshkosh prior to any related Purchase Date and may elect to have such Notes purchased by completing the form titled “Option of Holder to Elect Purchase” appearing below.

 

(8)           Notice of Redemption.  Notice of redemption shall be delivered at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address.  Notes in denominations larger than $2,000 may be redeemed in part but only in a minimum amount of $2,000 principal amount (and integral multiples of $1,000 in excess thereof), unless all of the Notes held by a Holder are to be redeemed.  On and after the redemption date, interest ceases to accrue on the Notes or portions hereof called for redemption.

 

(9)           Denominations, Transfer, Exchange.  The Notes are in registered form without coupons in initial denominations of $2,000 and any integral multiple of $1,000 in excess thereof.  The transfer of the Notes may be registered and the Notes may be exchanged as provided in the Indenture.  The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and Oshkosh may require a Holder to pay any taxes and fees required by law or permitted by the Indenture.  Oshkosh need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part.  Also, it need not exchange or register

 

6



 

the transfer of any Notes for a period of 15 days before the mailing of a notice of redemption of Notes to be redeemed or during the period between a record date and the corresponding Interest Payment Date.

 

(10)         Persons Deemed Owners.  The registered holder of a Note may be treated as its owner for all purposes.

 

(11)         Amendment, Supplement and Waiver.  Subject to the following paragraphs, the Indenture and the Notes may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes, including, without limitation, consents obtained in connection with a purchase of or tender offer or exchange offer for Notes, and any existing Default or Event of Default or compliance with any provision of the Indenture or the Notes may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes, including consents obtained in connection with a tender offer or exchange offer for the Notes.

 

Without the consent of any Holders, Oshkosh, the Guarantors and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Indenture and the Note Guarantees, if any, for any of the following purposes:

 

(1)           to evidence the succession of another Person to Oshkosh and the assumption by any such successor of the covenants of Oshkosh in the Indenture, the Guarantees and the Notes;

 

(2)           to add to the covenants of Oshkosh for the benefit of the Holders, or to surrender any right or power herein conferred upon Oshkosh;

 

(3)           to add additional Events of Default;

 

(4)           to provide for uncertificated Notes in addition to or in place of the certificated Notes;

 

(5)           to evidence and provide for the acceptance of appointment under the Indenture by a successor Trustee;

 

(6)           to provide for or confirm the issuance of Additional Notes in accordance with the terms of the Indenture;

 

(7)           to add a Guarantor or to release a Guarantor in accordance with the Indenture;

 

(8)           to cure any ambiguity, defect, omission, mistake or inconsistency;

 

(9)           to make any other provisions with respect to matters or questions arising under the Indenture, provided that such actions pursuant to this clause (9) shall not adversely affect the interests of the Holders in any material respect, as determined in good faith by the Board of Directors of Oshkosh;

 

7



 

(10)         to conform the text of the Indenture or the Notes to any provision of the “Description of Notes” in the Offering Memorandum to the extent that the Trustee has received an Officers’ Certificate stating that such text constitutes an unintended conflict with the description of the corresponding provision in the “Description of Notes”; or

 

(11)         to effect or maintain the qualification of the Indenture under the TIA.

 

With the consent of the Holders of not less than a majority in aggregate principal amount of the outstanding Notes, Oshkosh, the Guarantors and the Trustee may enter into an indenture or indentures supplemental to the Indenture for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or the Notes or of modifying in any manner the rights of the Holders under the Indenture, including the definitions therein; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each outstanding Note affected thereby:

 

(1)           change the Stated Maturity of any Note or of any installment of interest on any Note, or reduce the amount payable in respect of the principal thereof or the rate of interest thereon or any premium payable thereon, or reduce the amount that would be due and payable on acceleration of the maturity thereof, or change the place of payment where, or the coin or currency in which, any Note or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof, or change the date on which any Notes may be subject to redemption or reduce the Redemption Price therefor,

 

(2)           reduce the percentage in aggregate principal amount of the outstanding Notes, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of the Indenture or certain defaults thereunder and their consequences) provided for in the Indenture,

 

(3)           modify the obligations of Oshkosh to make Offers to Purchase upon a Change of Control or from the Excess Proceeds of Asset Sales if such modification was done after the occurrence of such Change of Control or such Asset Sale,

 

(4)           modify or change any provision of the Indenture affecting the ranking of the Notes or any Note Guarantee in a manner adverse to the Holders of the Notes,

 

(5)           modify any of the provisions of this paragraph or provisions relating to waiver of defaults or certain covenants, except to increase any such percentage required for such actions or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each outstanding Note affected thereby, or

 

(6)           release any Guarantees required to be maintained under the Indenture (other than in accordance with the terms of the Indenture).

 

8



 

The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may on behalf of the Holders of all the Notes waive any past Default under the Indenture and its consequences, except a Default:

 

(1)           in any payment in respect of the principal of (or premium, if any) or interest on any Notes (including any Note which is required to have been purchased pursuant to an Offer to Purchase which has been made by the Issuer), or

 

(2)           in respect of a covenant or provision hereof which under the Indenture cannot be modified or amended without the consent of the Holder of each outstanding Note affected.

 

(12)         Defaults and Remedies.

 

Each of the following constitutes an “Event of Default”:

 

(1)           default in the payment in respect of the principal of (or premium, if any, on) any Note when due and payable (whether at Stated Maturity or upon repurchase, acceleration, optional redemption or otherwise);

 

(2)           default in the payment of any interest upon any Note when it becomes due and payable, and continuance of such default for a period of 30 days;

 

(3)           failure to perform or comply with Section 4.3 of the Indenture and continuance of such failure to perform or comply for a period of 120 days after written notice thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes;

 

(4)           except as permitted by or in accordance with the terms of this Indenture, any Note Guarantee shall for any reason cease to be, or it shall be asserted by any Guarantor or the Company not to be, in full force and effect and enforceable in accordance with its terms;

 

(5)           default in the performance, or breach, of any covenant or agreement of the Company or any Guarantor in the Indenture (other than a covenant or agreement a default in whose performance or whose breach is specifically dealt with in clauses (1), (2) (3) or (4) above), and continuance of such default or breach for a period of 60 days after written notice thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes;

 

(6)           a default or defaults under any bonds, debentures, notes or other evidences of Debt (other than the Notes) by the Company or any Restricted Subsidiary having, individually or in the aggregate, a principal or similar amount outstanding of at least the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries, whether such Debt now exists or shall hereafter be created, which default or defaults shall have resulted in the acceleration of the maturity of

 

9



 

such Debt prior to its express maturity or (except in the case of any Debt owing to the Company by any Restricted Subsidiary or any Debt by any Restricted Subsidiary owing to the Company) shall constitute a failure to pay an amount of such Debt equal to at least the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries when due and payable after the expiration of any applicable grace period with respect thereto;

 

(7)           the entry against the Company or any Restricted Subsidiary of a final judgment or final judgments for the payment of money in an aggregate amount in excess of the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries (net of amounts covered by insurance for which the issuer thereof has been notified of such claim and has not challenged such coverage), by a court or courts of competent jurisdiction, which judgments remain undischarged, unwaived, unstayed, unbonded or unsatisfied for a period of 60 consecutive days; or

 

(8)           (i)            the Company, any Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law:

 

(a)           commences a voluntary case,

 

(b)           consents to the entry of an order for relief against it in an involuntary case,

 

(c)           consents to the appointment of a custodian of it or for all or substantially all of its property,

 

(d)           makes a general assignment for the benefit of its creditors, or

 

(e)           generally is not paying its debts as they become due; or

 

(ii)           a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

 

(a)           is for relief against the Company or any Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, in an involuntary case;

 

(b)           appoints a custodian of the Company or any Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any of its Restricted Subsidiaries; or

 

(c)           orders the liquidation of the Company or any Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary

 

and the order or decree remains unstayed and in effect for 60 consecutive days.

 

10


 

If an Event of Default (other than an Event of Default specified in clause (8) above with respect to Oshkosh) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the principal of the Notes and any accrued interest on the Notes to be due and payable immediately by a notice in writing to Oshkosh (and to the Trustee if given by Holders); provided, however, that after such acceleration, but before a judgment or decree based on acceleration, the Holders of a majority in aggregate principal amount of the outstanding Notes may, under certain circumstances, rescind and annul such acceleration if all Events of Default, other than the nonpayment of accelerated principal of or interest on the Notes, have been cured or waived as provided in the Indenture.

 

In the event of a declaration of acceleration of the Notes solely because an Event of Default described in clause (6) above has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically rescinded and annulled if the event of default or payment default triggering such Event of Default pursuant to clause (6) shall be remedied or cured by Oshkosh or a Restricted Subsidiary of Oshkosh or waived by the holders of the relevant Debt within 20 Business Days after the declaration of acceleration with respect thereto and if the rescission and annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction obtained by the Trustee for the payment of amounts due on the Notes.

 

If an Event of Default specified in clause (8) above occurs with respect to Oshkosh, the principal of and any accrued interest on the Notes then outstanding shall ipso facto become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.  For further information as to waiver of defaults, see Article IX of the Indenture.  The Trustee may withhold from Holders notice of any Default (except Default in payment of principal of, premium, if any, and interest) if the Trustee determines that withholding notice is in the interest of the Holders to do so.

 

(13)         Trustee Dealings with Oshkosh.  The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for Oshkosh, the Guarantors or their respective Affiliates, and may otherwise deal with Oshkosh, the Guarantors or their respective Affiliates, as if it were not the Trustee.

 

(14)         No Recourse Against Others.  No director, officer, employee, stockholder, general or limited partner or incorporator, past, present or future, of Oshkosh, the Guarantors or any of their respective Subsidiaries, as such or in such capacity, shall have any personal liability for any obligations of the Issuer under the Notes, any Guarantee or the Indenture by reason of his, her or its status as such director, officer, employee, stockholder, general or limited partner or incorporator.

 

No recourse may, to the full extent permitted by applicable law, be taken, directly or indirectly, with respect to the obligations of Oshkosh or the Guarantors on the Notes or under the Indenture or any related documents, any certificate or other writing delivered in connection therewith, against (i) the Trustee in its individual capacity, or (ii) any partner, owner, beneficiary, agent, officer, director, employee, agent, successor or assign of the Trustee, each in its individual capacity, or (iii) any holder of equity in the Trustee.

 

11



 

Each Holder of Notes by accepting a Note waives and releases all such liability described in the two preceding paragraphs.  The waiver and release are part of the consideration for the issuance of the Notes.

 

(15)         Authentication.  This Note shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent.

 

(16)         Abbreviations.  Customary abbreviations may be used in the name of a Holder or an assignee, such as:  TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

(17)         CUSIP, ISIN Numbers.  Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP, ISIN or other similar numbers in notices of redemption as a convenience to the Holders.  No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

 

(18)         THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THE NOTES AND THE NOTE GUARANTEES, IF ANY.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 

Oshkosh shall furnish to any Holder upon written request and without charge a copy of the Indenture.  Requests may be made to:

 

Oshkosh Corporation

2307 Oregon Street

Oshkosh, Wisconsin  54902

Facsimile:  (920) 966-5955

Attention:  Executive Vice President, General Counsel and Secretary

 

12



 

ASSIGNMENT FORM

 

To assign this Note, fill in the form below:  (I) or (we) assign and transfer this Note to

 

 

 

 

(Insert assignee’s soc. sec. or tax I.D. no.)

 

 

 

 

 

 

 

 

 

 

(Print or type assignee’s name, address and zip code)

 

 

and irrevocably appoint                                                                                                                                   to transfer this Note on the books of Oshkosh.  The agent may substitute another to act for him.

 

Date:

 

 

 

 

Your Signature:

 

 

(Sign exactly as your name appears on

 

the face of this Note)

 

 

Signature guarantee:

 

 

 

 

(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program)

 

13



 

OPTION OF HOLDER TO ELECT PURCHASE

 

If you want to elect to have this Note purchased by Oshkosh Corporation pursuant to Section 4.10 (Asset Sale) or 4.14 (Change of Control) of the Indenture, check the box below:

 

o Section 4.10    o Section 4.14

 

If you want to elect to have only part of the Note purchased by Oshkosh Corporation pursuant to Section 4.10 or 4.14 of the Indenture, state the amount you elect to have purchased:

 

 

$           

 

 

Date:

 

 

Your Signature:

 

 

(Sign exactly as your name appears on the Note)

 

 

Tax Identification Number: 

 

 

 

 

Signature guarantee:

 

 

 

(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program)

 

14



 

SCHEDULE A

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

 

The following exchanges of a part of this Global Note for other 8¼% Senior Notes have been made:

 

Date of Exchange

 

Amount of
Decrease in
Principal Amount
of this Global Note

 

Amount of
Increase in
Principal Amount
of this Global Note

 

Principal Amount
of this Global Note
Following Such
Decrease (or
Increase)

 

Signature of
Authorized
Signatory of Trustee
or Note Custodian

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15



 

NOTATIONAL GUARANTEE

 

Each Guarantor listed below (hereinafter referred to as the “Guarantor,” which term includes any successors or assigns under that certain Indenture, dated as of March 3, 2010, by and among Oshkosh Corporation (“Oshkosh”), the Guarantors party thereto and the Trustee (as amended and supplemented from time to time, the “Indenture”) and any additional Guarantors) has guaranteed the 8¼% Senior Notes due 2017 (the “Notes”) and the obligations of Oshkosh under the Indenture, which include (i) the due and punctual payment of the principal of, premium, if any, and interest on the Notes of Oshkosh, whether at stated maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal and premium, if any, and (to the extent permitted by law) interest on any interest, if any, on the Notes, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms set forth in Article X of the Indenture, (ii) in case of any extension of time of payment or renewal of any Notes or any such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise, and (iii) the payment of any and all costs and expenses (including reasonable attorneys’ fees) incurred by the Trustee in enforcing any rights under this Note Guarantee or the Indenture.

 

The obligations of each Guarantor to the Holders and to the Trustee pursuant to this Note Guarantee and the Indenture are expressly set forth in Article X of the Indenture and reference is hereby made to such Indenture for the precise terms of this Note Guarantee.

 

No stockholder, employee, officer, director or incorporator, as such, past, present or future of each Guarantor shall have any liability under this Note Guarantee by reason of his, her or its status as such stockholder, employee, officer, director or incorporator.

 

This is a continuing Note Guarantee and shall remain in full force and effect and shall be binding upon each Guarantor and its successors and assigns until full and final payment of all of Oshkosh’s obligations under the Notes and Indenture or until released in accordance with the Indenture and shall inure to the benefit of the successors and assigns of the Trustee and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions hereof.  This is a Note Guarantee of payment and not of collection.

 

This Note Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Note upon which this Note Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers.  The Obligations of each Guarantor under its Note Guarantee shall be limited to the extent necessary to insure that it does not constitute a fraudulent conveyance or fraudulent transfer under applicable law.

 

16



 

THE TERMS OF ARTICLE X OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE.

 

Capitalized terms used herein have the same meanings given in the Indenture unless otherwise indicated.

 

Dated as of                     , 2010

 

 

ACCESS FINANCIAL SOLUTIONS, INC.

AUDUBON MANUFACTURING CORPORATION

CONCRETE EQUIPMENT COMPANY, INC.

FULTON INTERNATIONAL, INC.

IOWA CONTRACT FABRICATORS, INC.

IOWA MOLD TOOLING CO., INC.

JERRDAN CORPORATION

JLG EQUIPMENT SERVICES, INC.

JLG INDUSTRIES, INC.

JLG OMNIQUIP, INC.

KEWAUNEE FABRICATIONS, L.L.C.

McNEILUS COMPANIES, INC.

McNEILUS FINANCIAL, INC.

McNEILUS TRUCK AND MANUFACTURING, INC.

MEDTEC AMBULANCE CORPORATION

OSHKOSH SPECIALTY VEHICLES, INC.

PIERCE MANUFACTURING INC.

VIKING TRUCK & EQUIPMENT SALES, INC.

 

 

 

 

By:

 

 

 

Name:

David M. Sagehorn

 

 

Title:

Executive Vice President and

 

 

 

Chief Financial Officer

 

17



EX-4.3 39 a2197340zex-4_3.htm EX-4.3

Exhibit 4.3

 

8½% SENIOR NOTES DUE 2020

 

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.6(e)(v) OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.6(b) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUER.  UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

1



 

OSHKOSH CORPORATION
8½% SENIOR NOTES DUE 2020

 

No. R-1

 

CUSIP:

688225 AD3

 

 

ISIN:

US688225AD30

 

Oshkosh Corporation promises to pay to Cede & Co., or registered assigns, the principal sum of               Dollars ($             ) on March 1, 2020.

 

Interest Payment Dates:  March 1 and September 1, beginning September 1, 2010

 

Record Dates:  February 15 and August 15

 

Reference is made to further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as set forth at this place.

 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefits under the Indenture referred to on the reverse hereof or be valid or obligatory for any purpose.

 

2



 

In WITNESS HEREOF, the Company has caused this instrument to be duly executed.

 

 

 

Oshkosh Corporation

 

 

 

 

 

By:

 

 

 

Name:

David M. Sagehorn

 

 

Title:

Executive Vice President and

 

 

 

Chief Financial Officer

 

 

 

 

 

 

 

 

 

Oshkosh Corporation

 

 

 

 

 

 

 

By:

 

 

 

Name:

R. Scott Grennier

 

 

Title:

Vice President and Treasurer

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Notes of the series designated herein issued under the within-mentioned Indenture.

 

Dated:

 

 

 

 

 

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

 

as Trustee

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

3



 

8½% SENIOR NOTES DUE 2020

 

OSHKOSH CORPORATION

 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated.

 

(1)           Interest.

 

(a)           Oshkosh Corporation, a Wisconsin corporation (“Oshkosh,” the “Issuer” or the “Company”), promises to pay interest on the principal amount of this Note (the “Notes” or the “2020 Notes”) at a fixed rate.  Oshkosh will pay interest in United States dollars (except as otherwise provided herein) semiannually in arrears on March 1 and September 1 of each year, commencing on September 1, 2010 or, if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment Date”).  Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including March 3, 2010; provided that if there is no existing Default or Event of Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date (but after March 3, 2010), interest shall accrue from such next succeeding Interest Payment Date, except in the case of the original issuance of the Notes, in which case interest shall accrue from the date of authentication.  Oshkosh shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate equal to 1% per annum in excess of the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful.  Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.  The interest rate on the Notes will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application.

 

(2)           Method of Payment.  Oshkosh will pay interest on the Notes (except defaulted interest) on the applicable Interest Payment Date to the Persons who are registered Holders of the Notes at the close of business on the February 15 and August 15 preceding the Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest.

 

The Notes shall be payable as to principal, premium and interest at the office or agency of Oshkosh maintained for such purpose within or without the City and State of New York, or, at the option of Oshkosh, payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds shall be required with respect to principal of, premium, if any, and interest on, all Global Notes and all other Notes the Holders of which shall have provided written wire transfer instructions to Oshkosh and the Paying Agent.  Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

 

4



 

Any payments of principal of and interest on this Note prior to Stated Maturity shall be binding upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted hereon.  The amount due and payable at the maturity of this Note shall be payable only upon presentation and surrender of this Note at an office of the Trustee or the Trustee’s agent appointed for such purposes.

 

(3)           Paying Agent and Registrar.  Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, shall act as Paying Agent and Registrar.  Oshkosh may change any Paying Agent or Registrar without notice to any Holder.  Oshkosh or any of its Restricted Subsidiaries may act in any such capacity.

 

(4)           Indenture.  Oshkosh issued the Notes under an Indenture, dated as of March 3, 2010 (the “Indenture”), among Oshkosh, the Guarantors and the Trustee.  The terms of the Notes include those stated in the Indenture and those made a part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “TIA”).  To the extent the provisions of this Note are inconsistent with the provisions of the Indenture, the Indenture shall govern.  The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms.  The Notes issued on the Issue Date are senior unsecured Obligations of Oshkosh limited to $250,000,000 in aggregate principal amount, plus amounts, if any, sufficient to pay premium and interest on outstanding Notes as set forth in Paragraph 2 hereof.  The Indenture permits the issuance of Additional Notes subject to compliance with certain conditions.

 

The payment of principal and interest on the Notes is unconditionally guaranteed on a senior unsecured basis by the Guarantors.

 

(5)           Optional Redemption.

 

(i)            The 2020 Notes are subject to redemption, at the option of the Issuer, in whole or from time to time in part, at any time on or after March 1, 2015 upon not less than 30 nor more than 60 days’ written notice at the Redemption Prices (expressed as percentages of the principal amount to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior to the redemption date), if redeemed during the 12-month period beginning on March 1 of the years indicated below:

 

Year

 

Redemption Price

 

2015

 

104.250

%

2016

 

102.833

%

2017

 

101.417

%

2018 and thereafter

 

100.000

%

 

(ii)           Prior to March 1, 2013, the Issuer may from time to time, with the net cash proceeds of one or more Qualified Equity Offerings, redeem up to 35% of the aggregate principal amount of the then outstanding 2020 Notes (including Additional

 

5



 

2020 Notes) at a Redemption Price equal to 108.500% of the principal amount thereof, together with accrued and unpaid interest thereon, if any, to the date of redemption (subject to the right of Holders of record on the relevant regular record date to receive interest due on an interest payment date that is on or prior to the redemption date); provided that at least 65% of the principal amount of 2020 Notes then outstanding (including Additional 2020 Notes) remains outstanding immediately after the occurrence of any such redemption (excluding 2020 Notes held by the Company or its Subsidiaries) and that any such redemption occurs within 90 days following the closing of any such Qualified Equity Offering.

 

(6)           Mandatory Redemption.  Oshkosh shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes.

 

(7)           Repurchase at Option of Holder.

 

(a)           Upon the occurrence of a Change of Control, Oshkosh will make an Offer to Purchase for all of the outstanding Notes at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to but not including the date of purchase.  Within 60 days following any Change of Control, Oshkosh will mail or deliver a notice to each Holder describing the transaction or transactions that constitute the Change of Control setting forth the procedures governing the Change of Control Offer required by the Indenture.

 

(b)           Upon the occurrence of certain Asset Sales, Oshkosh may be required to offer to purchase the Notes.

 

(c)           Holders of the Notes that are the subject of an Offer to Purchase will receive notice of an Offer to Purchase pursuant to an Asset Sale or a Change of Control from Oshkosh prior to any related Purchase Date and may elect to have such Notes purchased by completing the form titled “Option of Holder to Elect Purchase” appearing below.

 

(8)           Notice of Redemption.  Notice of redemption shall be delivered at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address.  Notes in denominations larger than $2,000 may be redeemed in part but only in a minimum amount of $2,000 principal amount (and integral multiples of $1,000 in excess thereof), unless all of the Notes held by a Holder are to be redeemed.  On and after the redemption date, interest ceases to accrue on the Notes or portions hereof called for redemption.

 

(9)           Denominations, Transfer, Exchange.  The Notes are in registered form without coupons in initial denominations of $2,000 and any integral multiple of $1,000 in excess thereof.  The transfer of the Notes may be registered and the Notes may be exchanged as provided in the Indenture.  The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and Oshkosh may require a Holder to pay any taxes and fees required by law or permitted by the Indenture.  Oshkosh need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the

 

6



 

unredeemed portion of any Note being redeemed in part.  Also, it need not exchange or register the transfer of any Notes for a period of 15 days before the mailing of a notice of redemption of Notes to be redeemed or during the period between a record date and the corresponding Interest Payment Date.

 

(10)         Persons Deemed Owners.  The registered holder of a Note may be treated as its owner for all purposes.

 

(11)         Amendment, Supplement and Waiver.  Subject to the following paragraphs, the Indenture and the Notes may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes, including, without limitation, consents obtained in connection with a purchase of or tender offer or exchange offer for Notes, and any existing Default or Event of Default or compliance with any provision of the Indenture or the Notes may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes, including consents obtained in connection with a tender offer or exchange offer for the Notes.

 

Without the consent of any Holders, Oshkosh, the Guarantors and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Indenture and the Note Guarantees, if any, for any of the following purposes:

 

(1)           to evidence the succession of another Person to Oshkosh and the assumption by any such successor of the covenants of Oshkosh in the Indenture, the Guarantees and the Notes;

 

(2)           to add to the covenants of Oshkosh for the benefit of the Holders, or to surrender any right or power herein conferred upon Oshkosh;

 

(3)           to add additional Events of Default;

 

(4)           to provide for uncertificated Notes in addition to or in place of the certificated Notes;

 

(5)           to evidence and provide for the acceptance of appointment under the Indenture by a successor Trustee;

 

(6)           to provide for or confirm the issuance of Additional Notes in accordance with the terms of the Indenture;

 

(7)           to add a Guarantor or to release a Guarantor in accordance with the Indenture;

 

(8)           to cure any ambiguity, defect, omission, mistake or inconsistency;

 

(9)           to make any other provisions with respect to matters or questions arising under the Indenture, provided that such actions pursuant to this clause (9) shall not adversely affect the interests of the Holders in any material respect, as determined in good faith by the Board of Directors of Oshkosh;

 

7



 

(10)         to conform the text of the Indenture or the Notes to any provision of the “Description of Notes” in the Offering Memorandum to the extent that the Trustee has received an Officers’ Certificate stating that such text constitutes an unintended conflict with the description of the corresponding provision in the “Description of Notes”; or

 

(11)         to effect or maintain the qualification of the Indenture under the TIA.

 

With the consent of the Holders of not less than a majority in aggregate principal amount of the outstanding Notes, Oshkosh, the Guarantors and the Trustee may enter into an indenture or indentures supplemental to the Indenture for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or the Notes or of modifying in any manner the rights of the Holders under the Indenture, including the definitions therein; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each outstanding Note affected thereby:

 

(1)           change the Stated Maturity of any Note or of any installment of interest on any Note, or reduce the amount payable in respect of the principal thereof or the rate of interest thereon or any premium payable thereon, or reduce the amount that would be due and payable on acceleration of the maturity thereof, or change the place of payment where, or the coin or currency in which, any Note or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof, or change the date on which any Notes may be subject to redemption or reduce the Redemption Price therefor,

 

(2)           reduce the percentage in aggregate principal amount of the outstanding Notes, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of the Indenture or certain defaults thereunder and their consequences) provided for in the Indenture,

 

(3)           modify the obligations of Oshkosh to make Offers to Purchase upon a Change of Control or from the Excess Proceeds of Asset Sales if such modification was done after the occurrence of such Change of Control or such Asset Sale,

 

(4)           modify or change any provision of the Indenture affecting the ranking of the Notes or any Note Guarantee in a manner adverse to the Holders of the Notes,

 

(5)           modify any of the provisions of this paragraph or provisions relating to waiver of defaults or certain covenants, except to increase any such percentage required for such actions or to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each outstanding Note affected thereby, or

 

(6)           release any Guarantees required to be maintained under the Indenture (other than in accordance with the terms of the Indenture).

 

8



 

The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may on behalf of the Holders of all the Notes waive any past Default under the Indenture and its consequences, except a Default:

 

(1)           in any payment in respect of the principal of (or premium, if any) or interest on any Notes (including any Note which is required to have been purchased pursuant to an Offer to Purchase which has been made by the Issuer), or

 

(2)           in respect of a covenant or provision hereof which under the Indenture cannot be modified or amended without the consent of the Holder of each outstanding Note affected.

 

(12)         Defaults and Remedies.

 

Each of the following constitutes an “Event of Default”:

 

(1)           default in the payment in respect of the principal of (or premium, if any, on) any Note when due and payable (whether at Stated Maturity or upon repurchase, acceleration, optional redemption or otherwise);

 

(2)           default in the payment of any interest upon any Note when it becomes due and payable, and continuance of such default for a period of 30 days;

 

(3)           failure to perform or comply with Section 4.3 of the Indenture and continuance of such failure to perform or comply for a period of 120 days after written notice thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes;

 

(4)           except as permitted by or in accordance with the terms of this Indenture, any Note Guarantee shall for any reason cease to be, or it shall be asserted by any Guarantor or the Company not to be, in full force and effect and enforceable in accordance with its terms;

 

(5)           default in the performance, or breach, of any covenant or agreement of the Company or any Guarantor in the Indenture (other than a covenant or agreement a default in whose performance or whose breach is specifically dealt with in clauses (1), (2) (3) or (4) above), and continuance of such default or breach for a period of 60 days after written notice thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes;

 

(6)           a default or defaults under any bonds, debentures, notes or other evidences of Debt (other than the Notes) by the Company or any Restricted Subsidiary having, individually or in the aggregate, a principal or similar amount outstanding of at least the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries, whether such Debt now exists or shall hereafter be created, which default or defaults shall have resulted in the acceleration of the maturity of

 

9



 

such Debt prior to its express maturity or (except in the case of any Debt owing to the Company by any Restricted Subsidiary or any Debt by any Restricted Subsidiary owing to the Company) shall constitute a failure to pay an amount of such Debt equal to at least the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries when due and payable after the expiration of any applicable grace period with respect thereto;

 

(7)           the entry against the Company or any Restricted Subsidiary of a final judgment or final judgments for the payment of money in an aggregate amount in excess of the greater of $50.0 million and 5% of the Consolidated Net Tangible Assets of the Company and its Restricted Subsidiaries (net of amounts covered by insurance for which the issuer thereof has been notified of such claim and has not challenged such coverage), by a court or courts of competent jurisdiction, which judgments remain undischarged, unwaived, unstayed, unbonded or unsatisfied for a period of 60 consecutive days; or

 

(8)           (i)            the Company, any Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law:

 

(a)           commences a voluntary case,

 

(b)           consents to the entry of an order for relief against it in an involuntary case,

 

(c)           consents to the appointment of a custodian of it or for all or substantially all of its property,

 

(d)           makes a general assignment for the benefit of its creditors, or

 

(e)           generally is not paying its debts as they become due; or

 

(ii)           a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

 

(a)           is for relief against the Company or any Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, in an involuntary case;

 

(b)           appoints a custodian of the Company or any Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any of its Restricted Subsidiaries; or

 

(c)           orders the liquidation of the Company or any Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary

 

and the order or decree remains unstayed and in effect for 60 consecutive days.

 

10


 

If an Event of Default (other than an Event of Default specified in clause (8) above with respect to Oshkosh) occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Notes may declare the principal of the Notes and any accrued interest on the Notes to be due and payable immediately by a notice in writing to Oshkosh (and to the Trustee if given by Holders); provided, however, that after such acceleration, but before a judgment or decree based on acceleration, the Holders of a majority in aggregate principal amount of the outstanding Notes may, under certain circumstances, rescind and annul such acceleration if all Events of Default, other than the nonpayment of accelerated principal of or interest on the Notes, have been cured or waived as provided in the Indenture.

 

In the event of a declaration of acceleration of the Notes solely because an Event of Default described in clause (6) above has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically rescinded and annulled if the event of default or payment default triggering such Event of Default pursuant to clause (6) shall be remedied or cured by Oshkosh or a Restricted Subsidiary of Oshkosh or waived by the holders of the relevant Debt within 20 Business Days after the declaration of acceleration with respect thereto and if the rescission and annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction obtained by the Trustee for the payment of amounts due on the Notes.

 

If an Event of Default specified in clause (8) above occurs with respect to Oshkosh, the principal of and any accrued interest on the Notes then outstanding shall ipso facto become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.  For further information as to waiver of defaults, see Article IX of the Indenture.  The Trustee may withhold from Holders notice of any Default (except Default in payment of principal of, premium, if any, and interest) if the Trustee determines that withholding notice is in the interest of the Holders to do so.

 

(13)         Trustee Dealings with Oshkosh.  The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for Oshkosh, the Guarantors or their respective Affiliates, and may otherwise deal with Oshkosh, the Guarantors or their respective Affiliates, as if it were not the Trustee.

 

(14)         No Recourse Against Others.  No director, officer, employee, stockholder, general or limited partner or incorporator, past, present or future, of Oshkosh, the Guarantors or any of their respective Subsidiaries, as such or in such capacity, shall have any personal liability for any obligations of the Issuer under the Notes, any Guarantee or the Indenture by reason of his, her or its status as such director, officer, employee, stockholder, general or limited partner or incorporator.

 

No recourse may, to the full extent permitted by applicable law, be taken, directly or indirectly, with respect to the obligations of Oshkosh or the Guarantors on the Notes or under the Indenture or any related documents, any certificate or other writing delivered in connection therewith, against (i) the Trustee in its individual capacity, or (ii) any partner, owner, beneficiary, agent, officer, director, employee, agent, successor or assign of the Trustee, each in its individual capacity, or (iii) any holder of equity in the Trustee.

 

11



 

Each Holder of Notes by accepting a Note waives and releases all such liability described in the two preceding paragraphs.  The waiver and release are part of the consideration for the issuance of the Notes.

 

(15)         Authentication.  This Note shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent.

 

(16)         Abbreviations.  Customary abbreviations may be used in the name of a Holder or an assignee, such as:  TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

(17)         CUSIP, ISIN Numbers.  Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP, ISIN or other similar numbers in notices of redemption as a convenience to the Holders.  No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

 

(18)         THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THE NOTES AND THE NOTE GUARANTEES, IF ANY.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 

Oshkosh shall furnish to any Holder upon written request and without charge a copy of the Indenture.  Requests may be made to:

 

Oshkosh Corporation

2307 Oregon Street

Oshkosh, Wisconsin  54902

Facsimile:  (920) 966-5955

Attention:  Executive Vice President, General Counsel and Secretary

 

12



 

ASSIGNMENT FORM

 

To assign this Note, fill in the form below:  (I) or (we) assign and transfer this Note to

 

 

 

 

(Insert assignee’s soc. sec. or tax I.D. no.)

 

 

 

 

 

 

 

 

 

 

(Print or type assignee’s name, address and zip code)

 

 

and irrevocably appoint                                                                                                                       to transfer this Note on the books of Oshkosh.  The agent may substitute another to act for him.

 

Date:

 

 

 

 

Your Signature:

 

 

(Sign exactly as your name appears on

 

the face of this Note)

 

 

Signature guarantee:

 

 

 

 

(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program)

 

13



 

OPTION OF HOLDER TO ELECT PURCHASE

 

If you want to elect to have this Note purchased by Oshkosh Corporation pursuant to Section 4.10 (Asset Sale) or 4.14 (Change of Control) of the Indenture, check the box below:

 

o Section 4.10              o Section 4.14

 

If you want to elect to have only part of the Note purchased by Oshkosh Corporation pursuant to Section 4.10 or 4.14 of the Indenture, state the amount you elect to have purchased:

 

$             

 

 

Date:

 

 

Your Signature:

 

 

(Sign exactly as your name appears on the Note)

 

 

Tax Identification Number:

 

 

 

Signature guarantee:

 

 

 

 

(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program)

 

14



 

SCHEDULE A

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

 

The following exchanges of a part of this Global Note for other 8½% Senior Notes have been made:

 

Date of Exchange

 

Amount of
Decrease in
Principal Amount
of this Global Note

 

Amount of
Increase in
Principal Amount
of this Global Note

 

Principal Amount
of this Global Note
Following Such
Decrease (or
Increase)

 

Signature of
Authorized
Signatory of Trustee
or Note Custodian

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15



 

NOTATIONAL GUARANTEE

 

Each Guarantor listed below (hereinafter referred to as the “Guarantor,” which term includes any successors or assigns under that certain Indenture, dated as of March 3, 2010, by and among Oshkosh Corporation (“Oshkosh”), the Guarantors party thereto and the Trustee (as amended and supplemented from time to time, the “Indenture”) and any additional Guarantors) has guaranteed the 8½% Senior Notes due 2020 (the “Notes”) and the obligations of Oshkosh under the Indenture, which include (i) the due and punctual payment of the principal of, premium, if any, and interest on the Notes of Oshkosh, whether at stated maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal and premium, if any, and (to the extent permitted by law) interest on any interest, if any, on the Notes, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms set forth in Article X of the Indenture, (ii) in case of any extension of time of payment or renewal of any Notes or any such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise, and (iii) the payment of any and all costs and expenses (including reasonable attorneys’ fees) incurred by the Trustee in enforcing any rights under this Note Guarantee or the Indenture.

 

The obligations of each Guarantor to the Holders and to the Trustee pursuant to this Note Guarantee and the Indenture are expressly set forth in Article X of the Indenture and reference is hereby made to such Indenture for the precise terms of this Note Guarantee.

 

No stockholder, employee, officer, director or incorporator, as such, past, present or future of each Guarantor shall have any liability under this Note Guarantee by reason of his, her or its status as such stockholder, employee, officer, director or incorporator.

 

This is a continuing Note Guarantee and shall remain in full force and effect and shall be binding upon each Guarantor and its successors and assigns until full and final payment of all of Oshkosh’s obligations under the Notes and Indenture or until released in accordance with the Indenture and shall inure to the benefit of the successors and assigns of the Trustee and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions hereof.  This is a Note Guarantee of payment and not of collection.

 

This Note Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Note upon which this Note Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers.  The Obligations of each Guarantor under its Note Guarantee shall be limited to the extent necessary to insure that it does not constitute a fraudulent conveyance or fraudulent transfer under applicable law.

 

16



 

THE TERMS OF ARTICLE X OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE.

 

Capitalized terms used herein have the same meanings given in the Indenture unless otherwise indicated.

 

Dated as of                     , 2010

 

 

ACCESS FINANCIAL SOLUTIONS, INC.

AUDUBON MANUFACTURING CORPORATION

CONCRETE EQUIPMENT COMPANY, INC.

FULTON INTERNATIONAL, INC.

IOWA CONTRACT FABRICATORS, INC.

IOWA MOLD TOOLING CO., INC.

JERRDAN CORPORATION

JLG EQUIPMENT SERVICES, INC.

JLG INDUSTRIES, INC.

JLG OMNIQUIP, INC.

KEWAUNEE FABRICATIONS, L.L.C.

McNEILUS COMPANIES, INC.

McNEILUS FINANCIAL, INC.

McNEILUS TRUCK AND MANUFACTURING, INC.

MEDTEC AMBULANCE CORPORATION

OSHKOSH SPECIALTY VEHICLES, INC.

PIERCE MANUFACTURING INC.

VIKING TRUCK & EQUIPMENT SALES, INC.

 

 

 

By:

 

 

 

Name:

David M. Sagehorn

 

 

Title:

Executive Vice President and

 

 

 

Chief Financial Officer

 

17



EX-5.1 40 a2197340zex-5_1.htm EX-5.1

Exhibit 5.1

 

 

 

ATTORNEYS AT LAW
777 EAST WISCONSIN AVENUE
MILWAUKEE, WI 53202-5306
414.271.2400 TEL
414.297.4900 FAX
foley.com

CLIENT/MATTER NUMBER
061300-1443

 

March 30, 2010

 

Oshkosh Corporation

2307 Oregon Street

P.O. Box 2566

Oshkosh, Wisconsin 54903-2566

 

Ladies and Gentlemen:

 

We have acted as counsel for Oshkosh Corporation, a Wisconsin corporation (the “Company”), in connection with the preparation of a Registration Statement on Form S-4 (the “Registration Statement”), including the prospectus constituting a part thereof (the “Prospectus”), to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), relating to an offer to exchange (the “Exchange Offer”) the Company’s new 8¼% Senior Notes due 2017 and new 8½% Senior Notes due 2020 (collectively, the “New Notes”), which are subject to the Registration Statement, for an equal principal amount of the Company’s outstanding 8¼% Senior Notes due 2017 and 8½% Senior Notes due 2020, which were issued in transactions not registered under the Securities Act (collectively, the “Original Notes”).  The New Notes will be fully and unconditionally guaranteed (the “New Note Guarantees”) by each of the Company’s existing and future subsidiaries that from time to time guarantee the Company’s obligations under its senior credit facility, with certain exceptions (the “Guarantors”). The Original Notes were issued, and the New Notes will be issued, pursuant to an Indenture, dated as of March 3, 2010 (the “Indenture”), among the Company, the Guarantors and Wells Fargo Bank, National Association, as Trustee (the “Trustee”).

 

In connection with our opinion, we have examined:  (a) the Registration Statement, including the Prospectus and the exhibits (including those incorporated by reference); (b) the Company’s Amended and Restated Articles of Incorporation and By-Laws, each as amended to date; (c) the Indenture; (d) the forms of the New Notes and New Note Guarantees; and (e) such other proceedings, documents and records as we have deemed necessary to enable us to render the opinions set forth below.

 

In our examination of the above referenced documents, we have assumed the genuineness of all signatures, the authenticity of all documents, certificates and instruments submitted to us as originals and the conformity with the originals of all documents submitted to us as copies.

 

Based upon and subject to the foregoing and the matters set forth herein, assuming that the Indenture has been duly authorized, executed and delivered by, and represents the valid and binding obligation of, the Trustee, and when the Registration Statement, including any amendments

 

BOSTON
BRUSSELS
CHICAGO
DETROIT

JACKSONVILLE
LOS ANGELES
MADISON
MIAMI

MILWAUKEE
NEW YORK
ORLANDO
SACRAMENTO

SAN DIEGO
SAN DIEGO/DEL MAR
SAN FRANCISCO
SHANGHAI

SILICON VALLEY
TALLAHASSEE
TAMPA
TOKYO
WASHINGTON, D.C.

 



 

thereto, shall have become effective under the Securities Act and the Indenture shall have been duly qualified under the Trust Indenture Act of 1939, as amended, and having regard for such legal considerations as we deem relevant, we are of the opinion that:

 

1.             The New Notes, when duly executed and delivered by or on behalf of the Company in the form contemplated by the Indenture upon the terms set forth in the Exchange Offer and authenticated by the Trustee, will be legally issued and valid and binding obligations of the Company enforceable in accordance with their terms; except as enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other comparable laws affecting the enforcement of creditors’ rights generally or the application of equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

 

2.             The New Note Guarantees, when the New Notes are duly executed and delivered by or on behalf of the Company in the form contemplated by the Indenture upon the terms set forth in the Exchange Offer and authenticated by the Trustee, will be legally issued and valid and binding obligations of the Guarantors enforceable in accordance with their terms; except as enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other comparable laws affecting the enforcement of creditors’ rights generally or the application of equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

 

We are qualified to practice law in the States of Wisconsin and New York and we do not purport to be experts on the law other than that of the States of Wisconsin and New York and the Federal laws of the United States of America.  We express no opinion with respect to the laws of any jurisdiction other than the States of Wisconsin and New York and the Federal laws of the United States of America.  In rendering the opinions set forth in this letter, we have assumed, with your permission and without independent investigation, that the laws of any State other than the States of Wisconsin and New York are identical in all relevant respects to the substantive laws of the State of Wisconsin.

 

We hereby consent to the reference to our firm under the caption “Legal Matters” in the Prospectus which is filed as part of the Registration Statement, and to the filing of this opinion as an exhibit to such Registration Statement.  In giving this consent, we do not admit that we are “experts” within the meaning of Section 11 of the Securities Act or within the category of persons whose consent is required by Section 7 of the Securities Act.

 

 

Very truly yours,

 

 

 

/s/ Foley & Lardner LLP

 

2



EX-12.1 41 a2197340zex-12_1.htm EX-12.1

Exhibit 12.1

 

Oshkosh Corporation

Statement of Computation of Ratio of Earnings to Fixed Charges

 

 

 

Fiscal Year Ended September 30,

 

Three Months Ended
December 31,

 

 

 

2005

 

2006

 

2007

 

2008

 

2009

 

2008

 

2009

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes and equity in earnings of unconsolidated affiliates

 

$

266.6

 

$

319.1

 

$

417.2

 

$

403.8

 

$

(1,178.2

)

$

(14.0

)

$

276.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges (see below)

 

8.2

 

8.3

 

202.9

 

215.1

 

216.4

 

45.3

 

52.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of capitalized interest

 

 

(0.1

)

(0.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributed income of equity investees

 

2.3

 

5.4

 

1.6

 

3.3

 

 

`

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax losses of equity method investees for which charges arising from guarantees are included in fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

277.1

 

$

332.7

 

$

621.6

 

$

622.2

 

$

(961.8

)

$

31.3

 

$

328.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed

 

6.8

 

6.4

 

193.7

 

203.0

 

198.0

 

42.6

 

47.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

 

0.1

 

0.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of premiums, discounts and capitalized expenses related to indebtedness

 

0.3

 

0.3

 

5.5

 

7.2

 

13.4

 

1.5

 

3.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimate of interest included within rental expense

 

1.1

 

1.5

 

3.6

 

4.9

 

5.0

 

1.2

 

1.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preference security dividend requirements of consolidated subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

8.2

 

$

8.3

 

$

202.9

 

$

215.1

 

$

216.4

 

$

45.3

 

$

52.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (a)

 

33.8

 

40.1

 

3.1

 

2.9

 

 

 

6.3

 

 


(a)                    Due to our loss for the fiscal year ended September 30, 2009 and the three months ended December 31, 2008, our earnings were inadequate to cover fixed charges for such periods by $1,178.2 million and $14.0 million, respectively. The deficiency for the fiscal year ended September 30, 2009 was primarily a result of pre-tax, non-cash goodwill impairment charges of $1,161.1 million and $29.1 million of pre-tax, non-cash impairment charges on other long-lived assets recognized in fiscal 2009. The deficiency for the three months ended December 31, 2008 was primarily the result of an operating loss in the access equipment segment due to significantly lower sales volume coupled with unrecovered raw material cost increases and increased provisions for doubtful accounts.

 



EX-23.1 42 a2197340zex-23_1.htm EX-23.1

Exhibit 23.1

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We consent to the incorporation by reference in this Registration Statement on Form S-4 of our report dated November 18, 2009, February 22, 2010 as to the effects of the reclassification of the BAI business as a discontinued operation as described in Note 1 and Note 3 and the adoption of new accounting guidance on the presentation of noncontrolling interests as described in Note 2 and March 30, 2010 as to the effects of including subsidiary guarantor financial information as described in Note 22, (which report expresses an unqualified opinion and includes an explanatory paragraph relating to the adoption of a new accounting standard on accounting for uncertain tax positions),  relating to the consolidated financial statements and financial statement schedule of Oshkosh Corporation and subsidiaries (the “Company”), appearing in the Current Report on Form 8-K of Oshkosh Corporation dated March 30, 2010, and our report dated November 18, 2009 relating to the effectiveness of the Company’s internal control over financial reporting,  appearing in the Annual Report on Form 10-K of the Company for the year ended September 30, 2009, and to the reference to us under the heading “Experts” in the Prospectus, which is part of this Registration Statement.

 

/S/ DELOITTE & TOUCHE LLP

Milwaukee, Wisconsin

March 30, 2010

 



EX-24.1 43 a2197340zex-24_1.htm EX-24.1

Exhibit 24.1

 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

J. William Andersen

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ J. William Andersen

 

J. William Andersen

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

Richard M. Donnelly

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ Richard M. Donnelly

 

Richard M. Donnelly

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

Frederick M. Franks, Jr.

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ Frederick M. Franks, Jr.

 

Frederick M. Franks, Jr.

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

Michael W. Grebe

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ Michael W. Grebe

 

Michael W. Grebe

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

John J. Hamre

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ John J. Hamre

 

John J. Hamre

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

Kathleen J. Hempel

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ Kathleen J. Hempel

 

Kathleen J. Hempel

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

Harvey N. Medvin

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ Harvey N. Medvin

 

Harvey N. Medvin

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

J. Peter Mosling, Jr.

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ J. Peter Mosling, Jr.

 

J. Peter Mosling, Jr.

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

Craig P. Omtvedt

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ Craig P. Omtvedt

 

Craig P. Omtvedt

 



 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, That I

 

Richard G. Sim

 

hereby constitute and appoint Robert G. Bohn, Charles L. Szews, David M. Sagehorn and Bryan J. Blankfield, and each of them individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for me and in my name, place and stead, in any and all capacities, to sign my name as a director of Oshkosh Corporation (the “Company”) to the Registration Statement on Form S-4, and any and all amendments (including post-effective amendments) or supplements thereto, relating to an offer to exchange substantially identical unsecured senior debt securities and related guarantees that are registered under the Securities Act of 1933, as amended, for up to $500,000,000 aggregate principal amount of unsecured senior debt securities to be issued by the Company, following the private placement of such debt securities, and to file said Registration Statement, and any and all amendments (including post-effective amendments) or supplements thereto, with the Securities and Exchange Commission in connection with the registration of the unsecured senior debt securities and related guarantees under the Securities Act of 1933, as amended.

 

I hereby ratify and confirm all that said attorneys-in-fact and agents, or any one of them or any substitute, have done or shall lawfully do by virtue of this Power of Attorney.

 

WITNESS my hand this 30th day of March, 2010.

 

 

 

/s/ Richard G. Sim

 

Richard G. Sim

 



EX-25.1 44 a2197340zex-25_1.htm EX-25.1

Exhibit 25.1

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 


 

FORM T-1

 

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

 


 

o CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

A National Banking Association

 

94-1347393

(Jurisdiction of incorporation or
organization if not a U.S. national
bank)

 

(I.R.S. Employer
Identification No.)

 

 

 

101 North Phillips Avenue
Sioux Falls, South Dakota

 

57104

(Address of principal executive offices)

 

(Zip code)

 

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608

(Name, address and telephone number of agent for service)

 


 

OSHKOSH CORPORATION

(Exact name of obligor as specified in its charter)

 

Wisconsin

 

39-0520270

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. Employer
Identification No.)

 

TABLE OF ADDITIONAL REGISTRANTS

 

Exact Name of Registrant
as Specified in Its Charter

 

State or Other Jurisdiction of Incorporation

 

I.R.S. Employer Identification Number

 

 

 

 

 

 

 

Access Financial Solutions, Inc.

 

Maryland

 

23-2208212

 

 

 

 

 

 

 

Audubon Manufacturing Corporation

 

Iowa

 

91-1983195

 

 

 

 

 

 

 

Concrete Equipment Company, Inc.

 

Nebraska

 

47-0439820

 

 

 

 

 

 

 

Fulton International, Inc.

 

Delaware

 

25-1589019

 

 

 

 

 

 

 

Iowa Contract Fabricators, Inc.

 

Iowa

 

42-1418425

 

 

 

 

 

 

 

Iowa Mold Tooling Co., Inc.

 

Delaware

 

52-2270527

 

 

 

 

 

 

 

JerrDan Corporation

 

Delaware

 

14-1841564

 

 

 

 

 

 

 

JLG Equipment Services, Inc.

 

Pennsylvania

 

25-1561946

 

 

 

 

 

 

 

JLG Industries, Inc.

 

Pennsylvania

 

25-1199382

 

 

 

 

 

 

 

JLG OmniQuip, Inc.

 

Delaware

 

20-0102339

 

 

 

 

 

 

 

Kewaunee Fabrications, L.L.C.

 

Wisconsin

 

39-1975610

 

 

 

 

 

 

 

McNeilus Companies, Inc.

 

Minnesota

 

41-1656668

 

 

 

 

 

 

 

McNeilus Financial, Inc.

 

Texas

 

41-1314526

 

 

 

 

 

 

 

McNeilus Truck and Manufacturing, Inc.

 

Minnesota

 

41-0967369

 

 

 

 

 

 

 

Medtec Ambulance Corporation

 

Indiana

 

35-1570451

 

 

 

 

 

 

 

Oshkosh Specialty Vehicles, Inc.

 

Wisconsin

 

20-5309743

 

 

 

 

 

 

 

Pierce Manufacturing Inc.

 

Wisconsin

 

39-0139830

 

 

 

 

 

 

 

Viking Truck & Equipment Sales, Inc.

 

Ohio

 

31-1395956

 

 

2307 Oregon Street
P.O. Box 2566
Oshkosh, Wisconsin

 

54903

(Address of principal executive offices)

 

(Zip code)

 


 

Debt Securities

(Title of the indenture securities)

 

 

 



 

Item 1.    General Information.  Furnish the following information as to the trustee:

 

(a)

 

Name and address of each examining or supervising authority to which it is subject.

 

 

 

 

 

Comptroller of the Currency

Treasury Department

Washington, D.C.

 

 

 

 

 

Federal Deposit Insurance Corporation

Washington, D.C.

 

 

 

 

 

Federal Reserve Bank of San Francisco

San Francisco, California 94120

 

 

 

(b)

 

Whether it is authorized to exercise corporate trust powers.

 

 

 

 

 

The trustee is authorized to exercise corporate trust powers.

 

Item 2.             Affiliations with Obligor.  If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None with respect to the trustee.

 

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

 

Item 15.  Foreign Trustee.

 

Not applicable.

 

 

 

Item 16.  List of Exhibits.

 

List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibit 1.

 

A copy of the Articles of Association of the trustee now in effect.*

 

 

 

Exhibit 2.

 

A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

 

 

 

Exhibit 3.

 

See Exhibit 2

 

 

 

Exhibit 4.

 

Copy of By-laws of the trustee as now in effect.***

 

 

 

Exhibit 5.

 

Not applicable.

 

 

 

Exhibit 6.

 

The consent of the trustee required by Section 321(b) of the Act.

 

 

 

Exhibit 7.

 

A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

 

 

 

Exhibit 8.

 

Not applicable.

 

 

 

Exhibit 9.

 

Not applicable.

 



 


*      Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.

 

**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.

 

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

 



 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Minneapolis and State of Minnesota on the 23rd day of March, 2010.

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/ Lynn M. Steiner

 

 

Lynn M. Steiner

 

Vice President

 



 

EXHIBIT 6

 

 

March 23, 2010

 

 

Securities and Exchange Commission

Washington, D.C.  20549

 

Gentlemen:

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

 

 

Very truly yours,

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/ Lynn M. Steiner

 

 

Lynn M. Steiner

 

Vice President

 



 

Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business December 31, 2009, filed in accordance with 12 U.S.C. §161 for National Banks.

 

 

 

 

 

Dollar Amounts
In Millions

 

ASSETS

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

 

Noninterest-bearing balances and currency and coin

 

 

 

$

19,272

 

Interest-bearing balances

 

 

 

29,528

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

0

 

Available-for-sale securities

 

 

 

81,918

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

6,471

 

Securities purchased under agreements to resell

 

 

 

1,241

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

28,147

 

Loans and leases, net of unearned income

 

376,557

 

 

 

LESS: Allowance for loan and lease losses

 

11,520

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

365,037

 

Trading Assets

 

 

 

7,574

 

Premises and fixed assets (including capitalized leases)

 

 

 

4,376

 

Other real estate owned

 

 

 

1,829

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

457

 

Direct and indirect investments in real estate ventures

 

 

 

46

 

Intangible assets

 

 

 

 

 

Goodwill

 

 

 

11,408

 

Other intangible assets

 

 

 

17,220

 

Other assets

 

 

 

34,254

 

 

 

 

 

 

 

Total assets

 

 

 

$

608,778

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

414,131

 

Noninterest-bearing

 

91,246

 

 

 

Interest-bearing

 

322,885

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

57,745

 

Noninterest-bearing

 

1,313

 

 

 

Interest-bearing

 

56,432

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

6,921

 

Securities sold under agreements to repurchase

 

 

 

6,908

 

 



 

 

 

Dollar Amounts
In Millions

 

Trading liabilities

 

8,092

 

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)

 

20,733

 

Subordinated notes and debentures

 

11,006

 

Other liabilities

 

26,649

 

 

 

 

 

Total liabilities

 

$

552,185

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

520

 

Surplus (exclude all surplus related to preferred stock)

 

38,209

 

Retained earnings

 

17,234

 

Accumulated other comprehensive income

 

452

 

Other equity capital components

 

0

 

 

 

 

 

Total bank equity capital

 

56,415

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

178

 

Total equity capital

 

56,593

 

 

 

 

 

Total liabilities, and equity capital

 

$

608,778

 

 

I, Howard I. Atkins, EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

 

Howard I. Atkins

EVP & CFO

 

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

John Stumpf

Directors

Carrie Tolstedt

 

Michael Loughlin

 

 



EX-99.1 45 a2197340zex-99_1.htm EX-99.1

Exhibit 99.1

 

LETTER OF TRANSMITTAL

OSHKOSH CORPORATION

 

OFFER TO EXCHANGE ALL OUTSTANDING
8¼% Senior Notes due 2017
8½% Senior Notes due 2020
FOR NEW, REGISTERED

8¼% Senior Notes due 2017
8½% Senior Notes due 2020

 


Pursuant to the Prospectus dated              , 2010

 

THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M. NEW YORK CITY TIME,
ON
             , 2010, UNLESS EXTENDED (THE “EXPIRATION DATE”).

 

The Exchange Agent for the Exchange Offer is Wells Fargo Bank, National Association.

 

By Facsimile Transmission:

(For Eligible Institutions Only)

(612) 667-6282

 

Confirm by Telephone:

(800) 344-5128

 

By Registered or Certified Mail:

Wells Fargo Bank, N.A.

MAC N9303-121

Corporate Trust Operations

P.O. Box 1517

Minneapolis, MN 55480-1517

 

 

 

By Regular Mail or Overnight Courier:

Wells Fargo Bank, N.A.

MAC N9303-121

Corporate Trust Operations

Sixth Street & Marquette Avenue

Minneapolis, MN 55479

 

By Hand:

Wells Fargo Bank, N.A.

Northstar East Building – 12th floor

Corporate Trust Services

608 Second Avenue South

Minneapolis, MN 55402

 

DELIVERY OF THIS LETTER OF TRANSMITTAL TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE, OR TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE OTHER THAN AS SET FORTH ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.

 

PLEASE READ THE ACCOMPANYING INSTRUCTIONS CAREFULLY BEFORE COMPLETING THIS LETTER OF TRANSMITTAL.

 

The undersigned acknowledges that he or she has received and reviewed the Prospectus, dated              , 2010 (the “Prospectus”), of Oshkosh Corporation, a Wisconsin corporation (the “Company”), and the subsidiaries of the Company named therein, and this Letter of Transmittal (the “Letter”), which together constitute the Company’s offer (the “Exchange Offer”) to exchange its 8¼% Senior Notes due 2017, which have been registered under the Securities Act of 1933, as amended (the “Securities Act”), for a like principal amount of the Company’s issued and outstanding unregistered 8¼% Senior Notes due 2017, and its 8½% Senior Notes due 2020, which have been registered under the Securities Act, for a like

 



 

principal amount of the Company’s issued and outstanding unregistered 8½% Senior Notes due 2020.  In this Letter, the Company’s issued and outstanding unregistered 8¼% Senior Notes due 2017 and the Company’s issued and outstanding unregistered 8½% Senior Notes due 2020 are referred to collectively as the “Original Notes,” and the Company’s new, registered 8¼% Senior Notes due 2017 and the Company’s new, registered 8½% Senior Notes due 2020 are referred to collectively as the “New Notes.”

 

For each Original Note accepted for exchange, the Holder of such Original Note will receive a New Note having a principal amount equal to that of the surrendered Original Note.  The New Notes will bear interest from the most recent date to which interest has been paid on the Original Notes or, if no interest has been paid on the Original Notes, from March 3, 2010.  Accordingly, registered Holders of New Notes on the relevant record date for the first interest payment date following the consummation of the Exchange Offer will receive interest accrued from the most recent date to which interest has been paid or, if no interest has been paid, from March 3, 2010.  However, if that record date occurs prior to completion of the Exchange Offer, then the interest payable on the first interest payment date following the completion of the Exchange Offer will be paid to the registered Holders of the Original Notes on that record date.  Original Notes accepted for exchange will cease to accrue interest from and after the date of consummation of the Exchange Offer and will be cancelled.  Holders of Original Notes whose Original Notes are accepted for exchange will not receive any payment in respect of accrued interest on such Original Notes otherwise payable on any interest payment date the record date for which occurs on or after consummation of the Exchange Offer.

 

This Letter is to be completed by a Holder of Original Notes either if (1) certificates are to be forwarded herewith or (2) tenders are to be made by book-entry transfer to the account maintained by the Exchange Agent at The Depository Trust Company (“DTC” or the “Book-Entry Transfer Facility”) pursuant to the procedures set forth in “The Exchange Offer — Book-Entry Transfer” section of the Prospectus.  Holders of Original Notes whose certificates are not immediately available, or who are unable to deliver their certificates or confirmation of the book-entry tender of their Original Notes into the Exchange Agent’s account at the Book-Entry Transfer Facility (a “Book-Entry Confirmation”) and all other documents required by this Letter to the Exchange Agent on or prior to the Expiration Date, must tender their Original Notes according to the guaranteed delivery procedures set forth in “The Exchange Offer - Guaranteed Delivery Procedures” section of the Prospectus.  See Instruction 1.  Delivery of documents to the Book-Entry Transfer Facility does not constitute delivery to the Exchange Agent.

 

Tenders by book-entry transfer also may be made by delivering an Agent’s Message in lieu of this Letter.  The term “Agent’s Message” means a message, transmitted by the Book-Entry Transfer Facility to and received by the Exchange Agent and forming a part of a Book-Entry Confirmation, which states that the Book-Entry Transfer Facility has received an express acknowledgment from the tendering participant, which acknowledgment states that such participant has received and agrees to be bound by this Letter and the Company may enforce this Letter against such participant.

 

As used in this Letter, the term “Holder” with respect to the Exchange Offer means any person in whose name Original Notes are registered on the books of the Company or, with respect to interests in global notes held by DTC, any DTC participant listed in an official DTC proxy.  The undersigned has completed the appropriate boxes below and signed this Letter to indicate the action the undersigned desires to take with respect to the Exchange Offer.

 

2



 

List below the Original Notes to which this Letter relates.  If the space provided below is inadequate, the certificate numbers and principal amount of Original Notes should be listed on a separate signed schedule affixed hereto.

 

DESCRIPTION OF ORIGINAL NOTES TENDERED

 

Name(s) and Address(es) of
Registered Holder(s)
(Please fill in, if blank)

 

Certificate
Number(s)*

 

Aggregate
Principal Amount
of Original Notes

 

Principal Amount
Tendered**

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 


*

 

Do not complete if Original Notes are being tendered by book-entry transfer.

**

 

A holder will be deemed to have tendered ALL Original Notes unless a lesser amount is specified in this column.  See Instruction 2.  Original Notes tendered hereby must be in denominations of principal amount of $1,000 and any integral multiples thereof.  See Instruction 1.

 

 

 

o

 

CHECK HERE IF TENDERED ORIGINAL NOTES ARE BEING DELIVERED BY BOOK-ENTRY TRANSFER MADE TO THE ACCOUNT MAINTAINED BY THE EXCHANGE AGENT WITH THE BOOK-ENTRY TRANSFER FACILITY AND COMPLETE THE FOLLOWING:

 

 

 

Name of Tendering Institution

 

 

 

Account Number

 

 

Transaction Code Number

 

 

o

 

CHECK HERE IF TENDERED ORIGINAL NOTES ARE BEING DELIVERED PURSUANT TO A NOTICE OF GUARANTEED DELIVERY PREVIOUSLY SENT TO THE EXCHANGE AGENT AND COMPLETE THE FOLLOWING:

 

 

 

 

 

Name(s) of Registered Holder(s)

 

 

 

Window Ticket Number (if any)

 

 

 

Date of Execution of Notice of Guaranteed Delivery

 

 

 

 

Name of Institution Which Guaranteed Delivery

 

 

 

If Delivered by Book-Entry Transfer, Complete the Following:

 

 

 

Account Number

 

 

Transaction Code Number

 

 

o

 

CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO.

 

 

Name:

 

 

 

Address:

 

 

3



 

NOTE:  SIGNATURES MUST BE PROVIDED BELOW
PLEASE READ CAREFULLY THE ACCOMPANYING INSTRUCTIONS

 

Ladies and Gentlemen:

 

Upon the terms and subject to the conditions of the Exchange Offer, the undersigned hereby tenders to the Company the aggregate principal amount of Original Notes indicated on page 3 of this Letter.  Subject to, and effective upon, the acceptance for exchange of the Original Notes tendered hereby, the undersigned hereby sells, assigns and transfers to, or upon the order of, the Company all right, title and interest in and to such Original Notes as are being tendered hereby.

 

The undersigned hereby irrevocably constitutes and appoints the Exchange Agent as the undersigned’s true and lawful agent and attorney-in-fact with respect to such tendered Original Notes, with full power of substitution, among other things, to cause the Original Notes to be assigned, transferred and exchanged.  The undersigned hereby represents and warrants that the undersigned has full power and authority to tender, sell, assign and transfer the Original Notes, and to acquire the New Notes issuable upon the exchange of such tendered Original Notes, and that, when the same are accepted for exchange, the Company will acquire good and unencumbered title thereto, free and clear of all liens, restrictions, charges and encumbrances and not subject to any adverse claim when the same are accepted by the Company.  The undersigned hereby further represents that:  (1) any New Notes acquired in exchange for Original Notes tendered hereby will have been acquired in the ordinary course of business of the person receiving such New Notes, whether or not such person is the undersigned, (2) neither the Holder of such Original Notes nor any such other person has an arrangement or understanding with any person to participate in the distribution (within the meaning of the Securities Act) of such New Notes, and (3) neither the Holder of such Original Notes nor any such other person is an “affiliate,” as defined in Rule 405 under the Securities Act, of the Company.

 

The undersigned acknowledges that this Exchange Offer is being made in reliance on interpretations by the staff of the Securities and Exchange Commission (the “SEC”), as set forth in no-action letters issued to third parties, that the New Notes issued pursuant to the Exchange Offer in exchange for the Original Notes may be offered for resale, resold and otherwise transferred by Holders thereof (other than any such Holder that is an “affiliate” of the Company within the meaning of Rule 405 under the Securities Act), without compliance with the registration and prospectus delivery provisions of the Securities Act, provided that such Holders are not broker-dealers, such New Notes are acquired in the ordinary course of such Holders’ business and such Holders have no arrangement or understanding with any person to participate in the distribution of such New Notes.  However, the SEC has not considered the Exchange Offer in the context of a no-action letter and there can be no assurance that the staff of the SEC would make a similar determination with respect to the Exchange Offer as in other circumstances.  If the undersigned is not a broker-dealer, then the undersigned represents that it is not engaged in, and does not intend to engage in, a distribution of the New Notes.  If any Holder is an affiliate of the Company, or has any arrangement or understanding with respect to the distribution of the New Notes to be acquired pursuant to the Exchange Offer, such Holder (i) cannot rely on the applicable interpretations of the staff of the SEC, (ii) is not entitled and will not be permitted to tender Original Notes in the Exchange Offer and (iii) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with any resale transaction.  If the undersigned is a broker-dealer that will receive New Notes for its own account in exchange for Original Notes, it represents that the Original Notes to be exchanged for the New Notes were acquired by it as a result of market-making activities or other trading activities and acknowledges that it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such New Notes; however, by so acknowledging and by delivering a prospectus meeting the requirements of the Securities Act, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.

 

4



 

The undersigned will, upon request, execute and deliver any additional documents reasonably deemed by the Company to be necessary or desirable to complete the sale, assignment and transfer of the Original Notes tendered hereby.  All authority conferred or agreed to be conferred in this Letter and every obligation of the undersigned hereunder shall be binding upon the successors, assigns, heirs, executors, administrators, trustees in bankruptcy and legal representatives of the undersigned and shall not be affected by, and shall survive, the death or incapacity of the undersigned.  This tender may be withdrawn only in accordance with the procedures set forth in “The Exchange Offer - Withdrawal Rights” section of the Prospectus.

 

Unless otherwise indicated herein in the box entitled “Special Issuance Instructions” below, please deliver the New Notes (and, if applicable, substitute certificates representing Original Notes for any Original Notes not exchanged) in the name of the undersigned or, in the case of a book-entry delivery of Original Notes, please credit the account indicated above maintained at the Book-Entry Transfer Facility.  Similarly, unless otherwise indicated under the box entitled “Special Delivery Instructions” below, please send the New Notes (and, if applicable, substitute certificates representing Original Notes for any Original Notes not exchanged) to the undersigned at the address shown above in the box entitled “Description of Original Notes Tendered.”

 

The undersigned, by completing the box entitled “Description of Original Notes Tendered” on page 3 of this Letter and signing this Letter, will be deemed to have tendered the Original Notes as set forth in such box on page 3 of this Letter.

 

5


 

SPECIAL ISSUANCE INSTRUCTIONS

(See Instructions 3 and 4)

 

To be completed ONLY if Original Notes not exchanged and/or New Notes are to be issued in the name of someone other than the undersigned, or if Original Notes delivered by book-entry transfer which are not accepted for exchange are to be returned by credit to an account maintained at the Book-Entry Transfer Facility other than the account indicated above.

 

Issue:

o

 

New Notes

 

o

 

Original Notes

 

 

 

 

Name(s)

 

 

(Please Type or Print)

 

 

 

 

 

Address

 

 

 

 

 

 

Taxpayer Identification or Social Security No.

 

 

 

 

 

¨

Credit unexchanged Original Notes delivered by book-entry transfer to the Book-Entry Transfer Facility account set forth below.

 

 

 

 

(Book-Entry Transfer Facility Account Number, if applicable)

 

SPECIAL DELIVERY INSTRUCTIONS
(See Instructions 3 and 4)

 

To be completed ONLY if Original Notes not exchanged and/or New Notes are to be sent to someone other than the undersigned, or to the undersigned at an address other than shown in the box entitled “Description of Original Notes Tendered” on this Letter.

 

Mail:

o

 

New Notes

 

o

 

Original Notes

 

 

 

 

Name(s)

 

 

(Please Type or Print)

 

 

 

 

Address

 

 

 

 

 

 

6



 

ALL TENDERING HOLDERS PLEASE SIGN HERE

(Complete Substitute Form W-9 on next page)

 

x

 

 

 

 

, 2010

 

 

 

 

Date

 

x

 

 

 

 

, 2010

 

 

 

 

Date

 

 

Area Code and Telephone Number

 

 

This Letter must be signed by the registered holder(s) or DTC participant(s) exactly as the name(s) appear(s) on the Original Notes or on a security position listing or by any person(s) authorized to become registered holder(s) by endorsements and documents transmitted herewith.  If signature is by a trustee, executor, administrator, guardian, officer or other person acting in a fiduciary or representative capacity, please provide the following information.  See Instruction 3.

 

Name(s):

 

 

(Please Type or Print)

 

Capacity (full title):

 

 

 

Address:

 

 

 

 

Taxpayer Identification or Social Security No.:

 

 

 

 

SIGNATURE GUARANTEE

(If required by Instruction 3)

 

Signature(s) Guaranteed

 

By an Eligible Institution:

 

 

(Authorized Signature)

 

Name and Title:

 

 

 

Name of Firm:

 

 

 

Dated:                                  , 2010

 

IMPORTANT:  This Letter (or a facsimile hereof), together with the certificates for Original Notes or a Book-Entry Confirmation and all other required documents or The Notice of Guaranteed Delivery, must be received by the Exchange Agent prior to 5:00 p.m., New York City time, on the Expiration Date.

 

7



 

TO BE COMPLETED BY ALL TENDERING HOLDERS

(See Instruction 5)

 

PAYOR’S NAME:  Wells Fargo Bank, National Association

 

SUBSTITUTE FORM W-9

Part 1 - PLEASE PROVIDE YOUR TAXPAYER IDENTIFICATION NUMBER IN ON THE LINE AT RIGHT AND CERTIFY BY SIGNING AND DATING BELOW.  If Original Notes are held in more than one name, see the Guidelines for Certification of Taxpayer Identification Number on Substitute W-9 to determine which number you must provide.

 

 

 

Social security number                              

 

 

 

 

 

OR

 

 

Employer Identification number                              

 

 

 

 

Department of the Treasury

Internal Revenue Service

Part 2 - FOR PAYEES EXEMPT FROM BACKUP WITHHOLDING (See the Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9).

 

 

 

PAYOR’S REQUEST FOR

TAXPAYER IDENTIFICATION

NUMBER AND CERTIFICATION

Part 3 — CERTIFICATION:  UNDER THE PENALTIES OF PERJURY, I CERTIFY THAT:

 

(1)

the number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and

 

 

 

 

(2)

I am not subject to backup withholding either because:  (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (the “IRS”) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding; and

 

 

 

 

(3)

I am a U.S. Citizen or other U.S. Person.

 

 

 

 

The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup withholding.

 

 

SIGNATURE

 

 

 

PRINTED NAME

 

 

 

 

DATE

 

 

 

 

You must cross out item (2) of the above certification if you have been notified by the IRS that you are subject to backup withholding because you failed to report all interest and dividends on your tax return.

 

 

YOU MUST COMPLETE THE FOLLOWING CERTIFICATE IF YOU ARE AWAITING A TAXPAYER IDENTIFICATION NUMBER.

 

CERTIFICATE OF AWAITING TAXPAYER IDENTIFICATION NUMBER

 

I certify under penalties of perjury that a taxpayer identification number has not been issued to me, and either (a) I have mailed or delivered an application to receive a taxpayer identification number to the appropriate Internal Revenue Service Center or Social Security Administration Office or (b) I intend to mail or deliver an application in the near future.  I understand that if I do not provide a taxpayer identification number by the time of the exchange, 28% of all reportable payments made to me thereafter will be withheld until I provide a number.

 

Signature

 

 

Date

 

 

 


 

INSTRUCTIONS

 

Forming Part of the Terms and Conditions of the Exchange Offer

 

1.                                       Delivery of this Letter and Original Notes; Guaranteed Delivery Procedures.

 

This Letter is to be completed by Holders of Original Notes either if certificates are to be forwarded herewith or if tenders are to be made pursuant to the procedures for delivery by book-entry transfer set forth in “The Exchange Offer - Book-Entry Transfer” section of the Prospectus.  Certificates for all physically tendered Original Notes, or Book-Entry Confirmation, as the case may be, as well as a properly completed and duly executed Letter (or manually signed facsimile hereof), with any required signature guarantees, and any other documents required by this Letter, must be received by the Exchange Agent at the address set forth herein on or prior to the Expiration Date, or the tendering Holder must comply with the guaranteed delivery procedures set forth below.  Original Notes tendered hereby must be in denominations of principal amount of $1,000 and any integral multiples thereof.

 

Holders who tender their Original Notes by delivering an Agent’s Message do not need to submit this Letter.

 

Holders whose certificates for Original Notes are not immediately available or who cannot deliver their certificates and all other required documents to the Exchange Agent on or prior to the Expiration Date, or who cannot complete the procedure for book-entry transfer on a timely basis, may tender their Original Notes pursuant to the guaranteed delivery procedures set forth in “The Exchange Offer - Guaranteed Delivery Procedures” section of the Prospectus.  Pursuant to such procedures, (i) such tender must be made through an Eligible Institution, (ii) prior to 5:00 p.m., New York City time, on the Expiration Date, the Exchange Agent must receive from such Eligible Institution a properly completed and duly executed letter (or a facsimile thereof) and Notice of Guaranteed Delivery, substantially in the form provided by the Company (by facsimile transmission, mail or hand delivery), setting forth the name and address of the Holder of Original Notes and the amount of Original Notes tendered stating that the tender is being made thereby and guaranteeing that within three New York Stock Exchange (“NYSE”) trading days after the Expiration Date, the certificates for all physically tendered Original Notes, in proper form for transfer, or a Book-Entry Confirmation, as the case may be, and any other documents required by this Letter will be deposited by the Eligible Institution with the Exchange Agent, and (iii) the certificates for all physically tendered Original Notes, in proper form for transfer, or a Book-Entry Confirmation, as the case may be, and all other documents required by this Letter, are received by the Exchange Agent within three NYSE trading days after the Expiration Date.

 

The method of delivery of this Letter, the Original Notes and all other required documents is at the election and risk of the tendering Holders, and the delivery will be deemed made only when actually received or confirmed by the Exchange Agent.  If delivery is by mail, registered mail, properly insured, with return receipt requested, or overnight delivery service is recommended.  In all cases, sufficient time should be allowed to ensure timely delivery.

 

See “The Exchange Offer” section of the Prospectus.

 

2.                                       Partial Tenders (not applicable to Holders who tender by book-entry transfer).

 

If less than all of the Original Notes evidenced by a submitted certificate are to be tendered, the tendering Holder(s) should fill in the aggregate principal amount of the Original Notes to be tendered in the box above entitled “Description of Original Notes Tendered—Principal Amount Tendered.”  A reissued certificate representing the balance of non-tendered Original Notes will be sent to such tendering Holder, unless otherwise provided in the appropriate box on this Letter promptly after the Expiration

 



 

Date.  All of the Original Notes delivered to the Exchange Agent will be deemed to have been tendered unless otherwise indicated.

 

3.                                       Signatures on this Letter; Bond Powers and Endorsements; Guarantee of Signatures.

 

If this Letter is signed by the registered Holder of the Original Notes tendered hereby, the signature must correspond exactly with the name as written on the face of the certificates without any change whatsoever.  If this Letter is signed by a participant in DTC, the signature must correspond with the name as it appears on the security position listing as the owner of the Original Notes.

 

If any tendered Original Notes are owned of record by two or more joint owners, all of such owners must sign this Letter.

 

If any tendered Original Notes are registered in different names, it will be necessary to complete, sign and submit as many separate copies of this Letter as there are different registrations of Original Notes.

 

When this Letter is signed by the registered Holder(s) of the Original Notes specified herein and tendered hereby, no endorsements of the tendered Original Notes or separate bond powers are required.  If, however, the New Notes are to be issued, or any untendered Original Notes are to be reissued, to a person other than the registered Holder, then endorsements of any Original Notes transmitted hereby or separate bond powers are required.  Signatures on the Original Notes or bond power must be guaranteed by an Eligible Institution.

 

If this Letter is signed by a person other than the registered Holder(s) of any Original Notes specified herein, such Original Notes must be endorsed or accompanied by appropriate bond powers, in either case signed exactly as the name or names of the registered Holder or Holders appear(s) on the Original Notes (or security position listing) and signatures on the Original Notes or bond power must be guaranteed by an Eligible Institution.

 

If this Letter or any certificates or bond powers are signed by trustees, executors, administrators, guardians, attorneys-in-fact, officers of corporations or others acting in a fiduciary or representative capacity, such persons should so indicate when signing, and, unless waived by the Company, must submit proper evidence satisfactory to the Company of their authority to so act.

 

Endorsements on Original Notes or signatures on bond powers required by this Instruction 3 must be guaranteed by a firm or other entity identified in Rule 17Ad-15 under the Exchange Act as an “eligible guarantor institution,” including (as such terms are defined therein) (i) a bank, (ii) broker, dealer, municipal securities broker or dealer or government securities broker or dealer, (iii) a credit union, (iv) a national securities exchange, registered securities association or clearing agency, or (v) a savings association that is a participant in a Securities Transfer Association (an “Eligible Institution”).

 

Signatures on this Letter need not be guaranteed by an Eligible Institution if the Original Notes are tendered:  (i) by a registered Holder of Original Notes (which term, for purposes of the Exchange Offer, includes any participant in the Book-Entry Transfer Facility whose name appears on a security position listing as the Owner of such Original Notes) who has not completed the box entitled “Special Issuance Instructions” or “Special Delivery Instructions” on this Letter, or (ii) for the account of an Eligible Institution.

 

4.                                       Special Issuance and Delivery Instructions.

 

Tendering Holders of Original Notes should indicate in the applicable box on page 6 of this Letter the name and address to which New Notes issued pursuant to the Exchange Offer and/or substitute

 

10



 

certificates evidencing Original Notes not exchanged are to be issued or sent, if different from the name or address of the person signing this Letter.  In the case of issuance in a different name, the employer identification or social security number of the person named must also be indicated.  Holders tendering Original Notes by book-entry transfer may request that Original Notes not exchanged be credited to such account maintained at the Book-Entry Transfer Facility as such note Holder may designate hereon.  If no such instructions are given, such Original Notes not exchanged will be returned to the name and address of the person signing this Letter.

 

5.                                       Taxpayer Identification Number.

 

Federal income tax law generally requires that a tendering Holder whose Original Notes are accepted for exchange must provide the Company (as payor) with such Holder’s correct Taxpayer Identification Number (“TIN”) on the substitute Form W-9 on page 8 of this Letter, which in the case of a tendering Holder who is an individual, is his or her social security number.  If the Company is not provided with the current TIN or an adequate basis for an exemption from backup withholding, such tendering Holder may be subject to a $50 penalty imposed by the Internal Revenue Service.  In addition, the Exchange Agent may be required to withhold 28% of the amount of any reportable payments made after the exchange to such tendering Holder of New Notes.  If withholding results in an overpayment of taxes, a refund may be obtained.

 

Exempt Holders of Original Notes (including, among others, all corporations and certain foreign individuals) are not subject to these backup withholding and reporting requirements.  Exempt holders, other than foreign individuals, should furnish their TIN, write “Exempt” on the face of the Substitute Form W-9 and sign, date and return the form to the Exchange Agent.  See the enclosed Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9 (the “W-9 Guidelines”) for additional instructions.  If the tendering holder of Original Notes is a nonresident alien or foreign entity not subject to backup withholding, such holder must give the Exchange Agent a completed Form W-8 Certificate of Foreign Status.

 

To prevent backup withholding, each tendering Holder of Original Notes must provide its correct TIN by completing the Substitute Form W-9 on page 8 of this Letter, certifying, under penalties of perjury, that the TIN provided is correct (or that such Holder is awaiting a TIN) and that (i) the Holder is exempt from backup withholding, or (ii) the Holder has not been notified by the Internal Revenue Service that such Holder is subject to backup withholding as a result of a failure to report all interest or dividends or (iii) the Internal Revenue Service has notified the Holder that such Holder is no longer subject to backup withholding.  If the Original Notes are in more than one name or are not in the name of the actual owner, such Holder should consult the W-9 Guidelines for information on which TIN to report.  Failure to provide the information on the form may subject the Holder to 28% federal income tax backup withholding on all reportable payments to the Holder.  If such Holder does not have a TIN, such Holder should consult the W-9 Guidelines for instructions on applying for a TIN, apply for a TIN and write “applied for” in lieu of its TIN in Part 1 of the Substitute Form W-9.  Writing “applied for” on the form means that such Holder has already applied for a TIN or that such Holder intends to apply for one in the near future.  If “applied for” is written in Part 1 of the Substitute Form W-9 and the Exchange Agent is not provided with a TIN within 60 days, the Exchange Agent will withhold 28% of all reportable payments to the Holder thereafter until a TIN is provided to the Exchange Agent.

 

6.                                       Transfer Taxes.

 

The Company will pay all transfer taxes, if any, applicable to the transfer of Original Notes to it or its order pursuant to the Exchange Offer.  If, however, New Notes and/or substitute Original Notes not exchanged are to be delivered to, or are to be registered or issued in the name of, any person other than the registered Holder of the Original Notes tendered hereby, or if tendered Original Notes are registered in the name of any person other than the person signing this Letter, or if a transfer tax is imposed for any

 

11



 

reason other than the transfer of Original Notes to the Company or its order pursuant to the Exchange Offer, the amount of any such transfer taxes (whether imposed on the registered Holder or any other person) will be payable by the tendering Holder.  If satisfactory evidence of payment of such taxes or exemption therefrom is not submitted herewith, the amount of such transfer taxes will be billed directly to such tendering Holder.

 

Except as provided in this Instruction 6, it will not be necessary for transfer tax stamps to be affixed to the Original Notes specified in this Letter.

 

7.                                       No Conditional Tenders.

 

No alternative, conditional, irregular or contingent tenders will be accepted.  All tendering Holders of Original Notes, by execution of this Letter, shall waive any right to receive notice of the acceptance of their Original Notes for exchange.

 

Neither the Company, the Exchange Agent nor any other person is obligated to give notice of any defect or irregularity with respect to any tender of Original Notes nor shall any of them incur any liability for failure to give any such notice.

 

8.                                       Mutilated, Lost, Stolen or Destroyed Original Notes.

 

Any Holder whose Original Notes have been mutilated, lost, stolen or destroyed should contact the Exchange Agent at the address indicated above for further instructions.  This Letter and related documents cannot be processed until the procedures for replacing mutilated, lost, stolen or destroyed certificates have been followed.

 

9.                                       Withdrawal Rights.

 

Tenders of Original Notes may be withdrawn at any time prior to 5:00 p.m., New York City time, on the Expiration Date.  For a withdrawal of a tender of Original Notes to be effective, a written notice of withdrawal must be received by the Exchange Agent at the address on page 1 of this Letter prior to 5:00 p.m., New York City time, on the Expiration Date.  Any such notice of withdrawal must (i) specify the name of the person having tendered the Original Notes to be withdrawn (the “Depositor”), (ii) identify the Original Notes to be withdrawn (including certificate number or numbers and the principal amount of such Original Notes), (iii) contain a statement that such Holder is withdrawing his election to have such Original Notes exchanged, (iv) be signed by the Holder in the same manner as the original signature on the Letter by which such Original Notes were tendered (including any required signature guarantees) or be accompanied by documents of transfer to have the Trustee with respect to the Original Notes register the transfer of such Original Notes in the name of the person withdrawing the tender and (v) specify the name in which such Original Notes are registered, if different from that of the Depositor.  If Original Notes have been tendered pursuant to the procedure for book-entry transfer set forth in “The Exchange Offer - Book-Entry Transfer” section of the Prospectus, any notice of withdrawal must specify the name and number of the account at the Book-Entry Transfer Facility to be credited with the withdrawn Original Notes and otherwise comply with the procedures of such facility.

 

All questions as to the validity, form and eligibility (including time of receipt) of such notices will be determined by the Company, whose determination shall be final and binding on all parties.  Any Original Notes so withdrawn will be deemed not to have been validly tendered for exchange for purposes of the Exchange Offer and no New Notes will be issued with respect thereto unless the Original Notes so withdrawn are validly retendered.  Any Original Notes that have been tendered for exchange but which are not exchanged for any reason will be returned to the Holder thereof without cost to such Holder (or, in the case of Original Notes tendered by book-entry transfer into the Exchange Agent’s account at the Book-Entry Transfer Facility pursuant to the book-entry transfer procedures set forth in “The Exchange

 

12



 

Offer - Book-Entry Transfer” section of the Prospectus, such Original Notes will be credited to an account maintained with the Book-Entry Transfer Facility for the Original Notes) as soon as practicable after withdrawal, rejection of tender or termination of the Exchange Offer.  Properly withdrawn Original Notes may be retendered by following the procedures described above at any time on or prior to 5:00 p.m., New York City time, on the Expiration Date.

 

10.                                 Irregularities.

 

The Company will determine, in its sole discretion, all questions as to the form, validity, eligibility (including time of receipt) and acceptance for exchange of any tender of Original Notes, which determination shall be final and binding.  The Company reserves the absolute right to reject any and all tenders of any particular Original Notes not properly tendered or to not accept any particular Original Notes which acceptance might, in the judgment of the Company or its counsel, be unlawful.  The Company also reserves the absolute right, in its sole discretion, to waive any defects or irregularities or conditions of the Exchange Offer as to any particular Original Notes either before or after the Expiration Date (including the right to waive the ineligibility of any holder who seeks to tender Original Notes in the Exchange Offer).  The interpretation of the terms and conditions of the Exchange Offer as to any particular Original Notes either before or after the Expiration Date (including the Letter of Transmittal and the instructions thereto) by the Company shall be final and binding on all parties.  Unless waived, any defects or irregularities in connection with the tender of Original Notes for exchange must be cured within such reasonable period of time as the Company shall determine.  Neither the Company, the Exchange Agent nor any other person shall be under any duty to give notification of any defect or irregularity with respect to any tender of Original Notes for exchange, nor shall any of them incur any liability for failure to give such notification.

 

11.                                 Requests for Assistance or Additional Copies.

 

Questions relating to the procedure for tendering, as well as requests for additional copies of the Prospectus, this Letter, the Notice of Guaranteed Delivery and other related documents may be directed to the Exchange Agent, at the address and telephone number indicated on page 1 of this Letter.

 

13



EX-99.2 46 a2197340zex-99_2.htm EX-99.2

Exhibit 99.2

NOTICE OF GUARANTEED DELIVERY

FOR TENDER OF

8¼% SENIOR NOTES DUE 2017

8½% SENIOR NOTES DUE 2020

OF

OSHKOSH CORPORATION

 

This Notice of Guaranteed Delivery, or one substantially equivalent to this form, must be used to accept the exchange offer of Oshkosh Corporation (the “Company”) made pursuant to the Prospectus dated              , 2010 (the “Prospectus”) if certificates for the outstanding 8¼% Senior Notes due 2017 and/or the outstanding 8½% Senior Notes due 2020 of the Company (collectively, the “Original Notes”) are not immediately available or if the procedure for book-entry transfer cannot be completed on a timely basis or time will not permit all required documents to reach Wells Fargo Bank, National Association as exchange agent (the “Exchange Agent”), prior to 5:00 p.m., New York City time, on              , 2010 (the “Expiration Date”).  This Notice of Guaranteed Delivery may be delivered or transmitted by facsimile transmission, overnight courier, mail or hand delivery to the Exchange Agent as set forth below.  In addition, in order to utilize the guaranteed delivery procedure to tender Original Notes pursuant to the exchange offer, a completed, signed and dated Letter of Transmittal (or facsimile thereof) must also be received by the Exchange Agent prior to 5:00 p.m., New York City time, on the Expiration Date.

 

The Exchange Agent for the exchange offer is Wells Fargo Bank, National Association.

 

By Facsimile Transmission:

 

By Registered or Certified Mail:

(For Eligible Institutions Only)

 

Wells Fargo Bank, N.A.

(612) 667-6282

 

MAC N9303-121

 

 

Corporate Trust Operations

Confirm by Telephone:

 

P.O. Box 1517

(800) 344-5128

 

Minneapolis, MN 55480-1517

 

 

 

By Regular Mail or Overnight Courier:

 

By Hand:

Wells Fargo Bank, N.A.

 

Wells Fargo Bank, N.A.

MAC N9303-121

 

Northstar East Building – 12th floor

Corporate Trust Operations

 

Corporate Trust Services

Sixth Street & Marquette Avenue

 

608 Second Avenue South

Minneapolis, MN 55479

 

Minneapolis, MN 55402

 

DELIVERY OF THIS NOTICE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE, OR TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE OTHER THAN AS SET FORTH ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.

 

THIS NOTICE IS NOT TO BE USED TO GUARANTEE SIGNATURES.  IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE GUARANTEED BY AN ELIGIBLE INSTITUTION UNDER THE INSTRUCTIONS THERETO, THE SIGNATURE GUARANTEED MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.

 



 

Ladies and Gentlemen:

 

Upon the terms and subject to the conditions set forth in the Prospectus and the accompanying Letter of Transmittal, the undersigned hereby tenders to the Company the principal amount of Original Notes of the series set forth below pursuant to the guaranteed delivery procedures described in “The Exchange Offer – Guaranteed Delivery Procedures” section of the Prospectus.

 

 

Total Principal Amount of Original Notes

   Tendered:*

 

If Original Notes will be delivered by book-entry transfer to The Depository Trust Company, provide account number.

 

 

 

                                                    

 

Account Number                                                                

 

 

 

Certificate Nos. (if available)

 

 

 

 


*                 Must be in denominations of principal amount of $1,000 and any integral multiple thereof.

 

All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and every obligation of the undersigned hereunder shall be binding upon the heirs, personal representatives, successors and assigns of the undersigned.

 

PLEASE SIGN HERE

 

 

 

 

 

x

 

 

 

 

 

 

 

x

 

 

 

Signature(s) of Owner(s) or Authorized Signatory

 

Date

 

 

 

Area Code and Telephone Number(s):

 

 

 

Must be signed by the registered holder(s) of Original Notes as their name(s) appear(s) on the Original Notes or on a security position listing, or by person(s) authorized to become registered holder(s) by endorsement and documents transmitted with this Notice of Guaranteed Delivery.  If signature is by a trustee, executor administrator, guardian, attorney-in-fact, officer or other person acting in a fiduciary or representative capacity, please provide the following information.

 

Please print name(s) and address(es)

 

Name(s):

 

 

 

Capacity:

 

Address(es):

 

 

 

Telephone Number:

 

 

2



 

GUARANTEE

(Not to be used for signature guarantee)

 

The undersigned, a firm or other entity identified in Rule 17Ad-15 under the Exchange Act as an “eligible guarantor institution” including (as such terms are defined therein) (i) a bank, (ii) broker, dealer, municipal securities broker or dealer or government securities broker or dealer, (iii) a credit union, (iv) a national securities exchange, registered securities association or clearing agency, or (v) a savings association that is a participant in a Securities Transfer Association (an “Eligible Institution”), hereby guarantees that the certificates representing the principal amount of Original Notes tendered hereby in proper form for transfer, or timely confirmation of the book-entry transfer of such Original Notes into the Exchange Agent’s account at The Depository Trust Company pursuant to the procedures set forth in “The Exchange Offer — Guaranteed Delivery Procedures” section of the Prospectus, together with any required signature guarantee and any other documents required by the Letter of Transmittal, will be received by the Exchange Agent at the address set forth above, no later than three New York Stock Exchange trading days after the Expiration Date.

 

 

 

 

Name of Firm

 

Authorized Signature

 

 

 

 

 

 

 

 

 

Address

 

Title

 

 

 

 

 

 

 

 

 

Name:

 

Zip Code

 

 

(Please Type or Print)

 

 

 

 

 

 

 

 

 

 

Dated:

 

Telephone Number

 

 

 

 

NOTE:                                  DO NOT SEND CERTIFICATES FOR ORIGINAL NOTES WITH THIS FORM.  CERTIFICATES FOR ORIGINAL NOTES SHOULD BE SENT ONLY WITH A COPY OF YOUR PREVIOUSLY EXECUTED LETTER OF TRANSMITTAL.

 

3


 


EX-99.3 47 a2197340zex-99_3.htm EX-99.3

Exhibit 99.3

INSTRUCTIONS

 

Instructions to Registered Holder and/or DTC Participant

from Beneficial Owner

of

8¼% Senior Notes due 2017

8½% Senior Notes due 2020

 

THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON            , 2010, UNLESS THE OFFER IS EXTENDED.

 

To Registered Holder and/or Depository Trust Company Participant:

 

The undersigned hereby acknowledges receipt of the Prospectus dated              , 2010 (the “Prospectus”) of Oshkosh Corporation, a Wisconsin corporation (the “Company”), and the subsidiaries of the Company named therein and the accompanying Letter of Transmittal (the “Letter of Transmittal”), that together constitute the Company’s offer (the “Exchange Offer”) to exchange its 8¼% Senior Notes due 2017, which have been registered under the Securities Act of 1933, as amended (the “Securities Act”), for a like principal amount of the Company’s issued and outstanding unregistered 8¼% Senior Notes due 2017, and its 8½% Senior Notes due 2020, which have been registered under the Securities Act, for a like principal amount of the Company’s issued and outstanding unregistered 8½% Senior Notes due 2020.  In this letter, the Company’s issued and outstanding unregistered 8¼% Senior Notes due 2017 and the Company’s issued and outstanding unregistered 8½% Senior Notes due 2020 are referred to collectively as the “Original Notes,” and the Company’s new, registered 8¼% Senior Notes due 2017 and the Company’s new, registered 8½% Senior Notes due 2020 are referred to collectively as the “New Notes.” Capitalized terms used but not defined in this letter have the meanings ascribed to them in the Prospectus.

 

This will instruct you, the registered holder and/or Depository Trust Company Participant, as to the action to be taken by you relating to the Exchange Offer with respect to the Original Notes held by you for the account of the undersigned.

 

The aggregate principal amount of Original Notes held by you for the account of the undersigned is (fill in amount):

 

$                     of the outstanding 8¼% Senior Notes due 2017.

 

$                     of the outstanding 8½% Senior Notes due 2020.

 

With respect to the Exchange Offer, the undersigned hereby instructs you (check appropriate box):

 

o                                    TO TENDER the following Original Notes held by you for the account of the undersigned (insert principal amount of Original Notes to be tendered, if less than all):

 

$                     of the outstanding 8¼% Senior Notes due 2017.

 

$                     of the outstanding 8½% Senior Notes due 2020.

 

o                                    NOT TO TENDER any Original Notes held by you for the account of the undersigned.

 



 

If the undersigned instructs you to tender Original Notes held by you for the account of the undersigned, it is understood that you are authorized to make, on behalf of the undersigned (and the undersigned, by its signature below, hereby makes to you), the representations and warranties contained in the Letter of Transmittal that are to be made with respect to the undersigned as a beneficial owner, including but not limited to the representations, that (i) the undersigned is not an “affiliate” of the Company, (ii) any New Notes to be received by the undersigned are being acquired in the ordinary course of its business, (iii) the undersigned has no arrangement or understanding with any person to participate in a distribution (within the meaning of the Securities Act) of New Notes to be received in the Exchange Offer, and (iv) the undersigned is not acting on behalf of any person who could not truthfully make the foregoing representations.  If the undersigned is a broker-dealer that will receive New Notes for its own account in exchange for Original Notes, it represents that the Original Notes to be exchanged for New Notes were acquired by it as a result of market-making activities or other trading activities and acknowledges that it will deliver a prospectus in connection with any resale of such New Notes; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.

 

SIGN HERE

 

Name of Beneficial Owner(s)

 

 

 

Signature(s)

 

 

 

Name(s) (please print)

 

 

 

Address

 

 

 

 

 

Telephone Number

 

 

 

Taxpayer Identification or Social Security No.

 

 

 

 

Date

 

 

2


 


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